Palantir Is Still Full Of Potential (Rating Upgrade)

Summary:

  • Palantir surprised the market with a 30% YoY revenue growth.
  • I argue that this is not good news, it’s great news. I expect this kind of growth to be sustainable, given what management has shown us is possible.
  • This article covers the Q3 earnings report, and takes a pulse on Palantir.
  • I am issuing an upgrade to strong buy on continued surprise strength, strong treasury, no debt, and continued profitability.

Palantir Technologies

hapabapa

Introduction

I first recommended Palantir Technologies Inc. (NYSE:PLTR) back in June with a buy rating, when I wrote Don’t Underestimate Palantir’s B2B Prowess. Since then, the stock has more than doubled.

I am personally long Palantir; I


Analyst’s Disclosure: I/we have a beneficial long position in the shares of PLTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *