2024-03-11 21:24:36 ET
Summary
- Palantir's stock has rallied by 52% year-to-date and now looks overvalued from the discounted cash flow simulation perspective.
- The company's profitability metrics have improved, but there is a substantial level of uncertainty regarding Palantir's ability to sustain revenue growth for longer.
- To justify the current valuation, a solid revenue growth outlook boost is needed, which looks unlikely to me.
Investment thesis
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Palantir's Stock Is Now Overvalued (Rating Downgrade)