I have to disagree. Sure, the interest income is nice to have on top of everything else, but strong growth in their core businesses is real: Last quarter Palantir put up strong top-line results. Sales grew 21% year over year to $634 million, driven by U.S. commercial revenue growing 40% year over year. The company also grew its customer count by 40% year over year, which is a good indicator of future revenue growth.
If it's such a clear case, why isn't everyone using them? The answer is quite obvious. I thought most of Palantir revenue is from US gov't, if I'm wrong let me know. How do you know in detail what their software can and can't do? AFAIK that information isn't public. Even small companies that rely on data have their own highly experienced data science teams, they don't need Palantir. This idea that Palantir can come in and process any and all forms of data is simply science fiction. You can't be in the tech sector yourself and possibly believe that? As I stated earlier, 21% revenue growth is below what is expected of them. If you're expecting 100% growth rate then 21% is a massive disappointment and price trades on that.
Every fund is allowed one right wing libertarian nut case and Elon Musk's Tesla beat Peter Thiel's Palantir to it.
~case closed. That said... when AI became all the buzz... I did in fact see what PLTR had, and I knew where the herd was heading with AI intense companies, especially the ones already in deep with real product. Had you bought in then, you'd have had a three-bagger at the top. But $85?!!! Can you give us some #'s behind that figure and how it was derived? Or was it just easy to hit the 8 and the 5 while you were typing? At $85 it would be over 100X sales. At a 12.8% net margin.... if you bought the company, even giving it the benefit of the doubt and 20% yoy sales growth for the next 5 years.... it would take you well over 150 years to see a return on your investment, and that's just doing the math in my head. Probably more like 250 years. Because the top line will flatten out soon enough, I don't care how good they are. EDIT: Buying a stock is buying a piece of the business. Go back to school. Study fundamentals.... and if not, you can buy my $1000/year profit lemonaide stand (growing profit at 20% x .128) for $3.67M. Your great great great grandkids will finally break even.
If Alex Karp demanded $56 Billion pay package. Then I would prolly fawn over the radical genius of it all. I mean...if Alex put an ultimatum before shareholders. And then threated to buy TikTok in cash...then I would be FORCED to become FanBoy. I would wear the Shirt and eveything.
Why would Peter sell $300 million in stock in May if it’s about the go to the Moon like the PLTR Apes are saying on Reddit? Peter has plenty of money or are there better investments than PLTR? I know it’s just 1/10th of his stake.
...I had a feeling that's where this $85 price target originated. That's why I was so harsh on the young man... sometimes you just have to knock some sense into them.
in 2021, it was a meme trend to the 30-40 range, among sofi gme amc bbby. lot of wallstreetbet kids yolo “traders”.
I remember Van and myself bought shortly after the IPO on its drop to $8.4-$9.50 and sold in to the upward fury. The float was a lot lighter, I still remember seeing a 5,000,000 offer at $10 on the NBBO. Good times!
%% Good news + bad news,pro50. 1] Good news =tech sector is one of the very best for valley to peak trends \ but PLTR has a LOT AGAINST It, off 2024 week Hi +off all time hi by a lot\ especially 50dma badly+ underperforming QQQ benchmark. 2] ''Market seems to listen to minor quibble '' \ oops \ frankly that'$ more than a ''minor quibble \persistent closes below50dma,Pro50 . 777 ] \ Oops \did you have a selling plan in case you were wrong + market is right?? {-80} QQQ has had some great runs but its already done a > 80 % drawdowns; \so many single stocks went to zero. Hope this helps/ its helped me