2024-03-20 15:34:14 ET
Summary
- Despite the fact that Palantir trades at ~18x forward revenue, the stock still retains vast upside potential.
- Palantir's commercial segment is still in its early days and has shown strong growth, especially in the U.S. where AI adoption has gone mainstream.
- While most software companies have seen a slowdown in new enterprise bookings; Palantir has reported the opposite.
- The company continues to improve operating margins and scores well on "Rule of 40" metrics with a score above 50.
I'm something of a valuation hawk. As stocks get expensive, I tend to retreat and either park more in cash or take more contrarian positions. At the moment, cognizant of an S&P 500 that is hovering at all-time highs, I have more than 30% of my portfolio allocated to cash....
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For further details see:
Palantir: Many Reasons To Keep Holding On