2024-03-07 08:30:23 ET
Summary
- Palantir's product is industry-leading, thanks to improvements in AI.
- The current valuation, however, assumes optimistic results with no hitches.
- Uncertainty about cash flows exists, given the volatility of the technology.
- Share dilution is also occurring, which will reduce long-term returns.
I've been watching Palantir ( PLTR ) for a few years now. It's a business I like quite a bit, and it seems the market likes its stock quite a bit as well.
PLTR Stock Price Past Year (Seeking Alpha)
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AI Doesn't Justify Palantir's Ambitious Valuation