2024-02-10 01:41:14 ET
Summary
- Since my previous article, which rated Palantir as a strong buy, the stock has surged by around 12.15%.
- Market Outlook: Positioned within the Data Analytics market, projected to hit $655.53 billion by 2029, Palantir stands to benefit from its growth.
- Financial Health: Palantir's revenue growth remains strong, with minor fluctuations in operating income and balance sheet metrics.
- Valuation and Rating: Despite potential downsides of 18-25%, Palantir's annual returns of 23-25% until 2029 reinforce a strong buy rating.
Thesis
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Palantir: Potential 20%+ Annual Returns Outbalance 20% Downside Risk