2024-05-17 11:49:41 ET
Summary
- Palantir Technologies reported better-than-expected sales and achieved its sixth consecutive quarter of GAAP profits.
- The company is making progress in growing its free cash flow, driven by finding new paying customers for its analytics products, particularly in the US commercial sector.
- Despite the positive financial performance, the excessive valuation multiple for Palantir Technologies cannot be justified based on reasonable valuation metrics, in my view.
Sales for Palantir Technologies Inc. ( PLTR ) came in better than expected last week, and the software and AI company produced its sixth consecutive quarter of GAAP profits....
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Palantir: Valuation Is Still A Deal-Breaker