2024-04-09 17:50:18 ET
Summary
- Palantir stock is up 34% YTD and 174% YoY, and I'm seeing more investors who seem to be waiting for a dip to buy. I don't think it's worth waiting.
- Palantir's revenue growth accelerated in the final quarter of 2023 against the backdrop of increasing margins - the AIP bootcamps opened up a new TAM opportunity.
- PLTR's dependence on SBC, which was previously a pressing issue for the company, has decreased meaningfully.
- I expect that the EPS figures priced in today will most likely turn out to be too low, despite the implied EPS growth of over 17% CAGR for the next 10 years.
- I conclude that investors who are wary of buying Palantir at current highs could face a serious opportunity cost if the company beats current consensus forecasts for EPS and revenue in Q1 2024.
My Thesis
It has been 3 months since the publication of my first and previously only article on Palantir Technologies ( PLTR ) and the stock has managed to grow significantly on the back of its strong report, the details of which I'm going to analyze today....
Read the full article on Seeking Alpha
For further details see:
Palantir Stock: No Dip - No Problem!