Palantir: Solid Fundamentals But Too Much Hype


  • Palantir’s Artificial Intelligence Platform appears to be driving a growth reacceleration, particularly amongst US commercial customers.
  • Palantir is also increasing its infrastructure offerings, although it may take time for the financial impact of this to build.
  • The government side of the business is currently a drag, but Palantir is well-positioned to capitalize on rising software spend in defense applications.
  • While Palantir’s fundamentals look solid, the company’s valuation is fairly extreme, resulting in elevated downside risk and limited potential near-term gains.

Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019

Michael Vi

Palantir Technologies Inc.’s (NYSE:PLTR) business has begun to demonstrate genuine strength in recent quarters, which the company is largely attributing to its Artificial Intelligence Platform. Growth currently varies significantly across customer segments though, hiding some of this strength.

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