2024-04-04 15:13:46 ET
Summary
- Green shoots are emerging with Palantir Technologies Inc., as strong customer growth has eventually led to surprising cRPO growth.
- Palantir management is guiding for 20% full-year revenue growth, but I predict further acceleration as customers camp up spending.
- The company has generated positive GAAP net income for 5 quarters straight and awaits potential inclusion in the S&P 500.
- I explain why I have sold my Palantir position.
All good things may eventually come to an end. I have enjoyed investing deep in tech stocks over the past few years, but with valuations approaching bubbly levels (in my humble opinion), I have been needing to say goodbye to many high-quality names. Today I say goodbye to Palantir Technologies Inc. ( PLTR ), a stock which I view to be the implementer of generative AI....
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For further details see:
Palantir: Why I Sold In Spite Of Growing Evidence Of Accelerating Growth