EADSY - Palantir: Why I Am Not Selling

2024-03-13 11:57:30 ET

Summary

• Palantir Technologies Inc.'s Q4 2023 revenue grew by 20% YoY to $608.4 million, driven by streamlined go-to-market and increased customer acquisition in the U.S. commercial sector.
• Palantir expects upward growth of at least 40% in the U.S. commercial segment for the year, highlighting strong revenue momentum.
• Despite anticipating a market correction, the long-term outlook for Palantir Technologies remains positive, supported by solid fundamentals and aggressive growth strategies.
• Following the strong bull run YTD, a pullback in Palantir Technologies is necessary before breaking into new highs.

Investment Thesis

Since our in-depth analysis of Palantir Technologies Inc. ( PLTR ) in February 2022, when we first presented a bullish stance on the stock, the company has remarkably validated our conviction, richly rewarding patient investors.

Our confidence was well-placed; since doubling down on our position , PLTR has delivered a staggering return of over 230% in less than 17 months. This exceptional performance is underpinned by consecutive profitability milestones, robust growth metrics, impressive conversion rates, and the impactful deployment of AI capabilities, all contributing to a sustained bull run....

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