Palantir: As Tempting As It Is To Sell, Keep Riding This Rally


  • Palantir stock has surged over 60% year to date, driven by AI enthusiasm and US government business growth.
  • Though the stock is trading at over 20x current year revenue, I recommend continuing to hold for further upside.
  • The company is re-accelerating its government business, which continues to deliver more than half of Palantir’s revenue.
  • The company also notes that “bootcamp” style trials for Palantir products have helped to compress sales cycles, whereas many software peers are reporting deal cycle elongation.
Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019

Michael Vi

Without a doubt, the single best-performing stock in my portfolio over the past quarter has been Palantir (NYSE:PLTR). Fueled by rabid AI enthusiasm and a re-acceleration in its all-important US government business, Palantir has been on a tear since reporting

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.

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