2024-03-13 11:57:30 ET
Summary
- Palantir Technologies Inc.'s Q4 2023 revenue grew by 20% YoY to $608.4 million, driven by streamlined go-to-market and increased customer acquisition in the U.S. commercial sector.
- Palantir expects upward growth of at least 40% in the U.S. commercial segment for the year, highlighting strong revenue momentum.
- Despite anticipating a market correction, the long-term outlook for Palantir Technologies remains positive, supported by solid fundamentals and aggressive growth strategies.
- Following the strong bull run YTD, a pullback in Palantir Technologies is necessary before breaking into new highs.
Investment Thesis
Since our in-depth analysis of Palantir Technologies Inc. ( PLTR ) in February 2022, when we first presented a bullish stance on the stock, the company has remarkably validated our conviction, richly rewarding patient investors.
Our confidence was well-placed; since doubling down on our position , PLTR has delivered a staggering return of over 230% in less than 17 months. This exceptional performance is underpinned by consecutive profitability milestones, robust growth metrics, impressive conversion rates, and the impactful deployment of AI capabilities, all contributing to a sustained bull run....
Read the full article on Seeking Alpha
For further details see:
Palantir: Why I Am Not Selling