2024-03-20 17:08:14 ET
Summary
- This article addresses these key questions: Who are Palantir Technologies Inc. customers and why do they choose Palantir? What value does Palantir bring? Where is the company most focused on driving growth?
- Palantir's strategy shift to AIP and Bootcamps is contributing to strong customer acquisition momentum in 2024.
- Despite strong momentum, even ambitious growth assumptions do not warrant Palantir's current valuation. By every meaningful valuation metric, Palantir stock is overvalued.
Prelude
I initiated coverage of Palantir Technologies Inc. ( PLTR ) in January of 2024 with a Buy rating. Shortly after that article was published, Palantir released Q4 earnings which sent the stock rocketing upwards. Palantir is up over 40% since my initial coverage.
After covering Palantir initially, I opted for a strategy of slow and steady accumulation. I have been cost-averaging weekly, and it is growing into a more sizable chunk of my portfolio. It's a core long-term growth holding for me. I don't plan on selling any stock here....
Read the full article on Seeking Alpha
For further details see:
Palantir: Even Ambitious Estimates Don't Warrant This Valuation (Rating Downgrade)