PLTR - Palantir: Why Something Feels Off
2024-06-28 13:05:22 ET
Summary
- Palantir Technologies Inc. is a misunderstood business with a niche market and high operational costs.
- The company's software products compete in the enterprise software market, but are not critical for competitive advantage.
- Palantir lacks diversification, with a large portion of its revenue coming from a few customers, leading to high initial costs and spending.
Investment Thesis
I think Palantir Technologies Inc. ( PLTR ) is the most misunderstood business on the stock market today. Part of this stems from the novelty of its product, but mostly because of inconsistent messaging from the company. In the world of business communication, the company's eccentric founder isn't winning any prizes either, adding fuel to the flames by pulling PLTR into distracting political controversies , as noted in the previous article. ...
Palantir: Why Something Feels Off