Debt free looks great on paper

2023-07-11

Debt free looks great on paper but it's at the cost of SBC and diluting the shares which still doesn't look good to me, I've been watching this for a year and still have doubt, I might be foolish but I'm not going to invest at this point.

Palantir: This Is No Bubble, AI Hype Should Accelerate Growth

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{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":196608271224984,"tweetId":"196608271224984","gmtCreate":1689040717417,"gmtModify":1689042604663,"author":{"id":4098080207325560,"idStr":"4098080207325560","authorId":4098080207325560,"authorIdStr":"4098080207325560","name":"LazyTitan","avatar":"https://static.tigerbbs.com/1dcfc5d55c396d8273dece2f5fbdc9af","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>Debt free looks great on paper but it's at the cost of SBC and diluting the shares which still doesn't look good to me, I've been watching this for a year and still have doubt, I might be foolish but I'm not going to invest at this point.</body></html>","htmlText":"<html><head></head><body>Debt free looks great on paper but it's at the cost of SBC and diluting the shares which still doesn't look good to me, I've been watching this for a year and still have doubt, I might be foolish but I'm not going to invest at this point.</body></html>","text":"Debt free looks great on paper but it's at the cost of SBC and diluting the shares which still doesn't look good to me, I've been watching this for a year and still have doubt, I might be foolish but I'm not going to invest at this point.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/196608271224984","repostId":2350916858,"repostType":2,"repost":{"id":"2350916858","kind":"highlight","pubTimestamp":1689036038,"share":"https://www.laohu8.com/m/news/2350916858?lang=&edition=full","pubTime":"2023-07-11 08:40","market":"us","language":"en","title":"Palantir: This Is No Bubble, AI Hype Should Accelerate Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=2350916858","media":"seekingalpha","summary":"imaginima Palantir (NYSE:PLTR) stock has been on fire. Not only has the company managed to offset decelerating revenue growth with a sudden push for GAAP profitability, but the surge in enthusiasm for","content":"<html><head></head><body><img src=\"https://static.tigerbbs.com/64b4aeab920e4965d1dbfc6ca87bb379\" tg-width=\"750\" tg-height=\"422\"/>Palantir (NYSE:PLTR) stock has been on fire. Not only has the company managed to offset decelerating revenue growth with a sudden push for GAAP profitability, but the surge in enthusiasm for artificial intelligence has helped to highlight the company’s dominant positioning in the field. PLTR is a leader in helping companies make use of AI and I expect the latest AI developments to prove to be the long-awaited catalyst to increase demand. The company maintains a net cash balance sheet and has shown an ability and willingness to drive operating leverage. While the stock has seen a somewhat parabolic move higher and the valuation is no longer dirt-cheap, PLTR stock remains highly buyable for long term growth investors.<h2 id=\"id_43048794\">PLTR Stock Price</h2>What a difference a couple of months can bring - after languishing amidst the valuation reset in the tech sector, PLTR has shot straight up.<img src=\"https://static.tigerbbs.com/81db4626c2963c9ac066875939d0afaf\" tg-width=\"635\" tg-height=\"417\"/>Data by YChartsI last covered PLTR in April where I discussed why the push for GAAP profitability paves the way for substantial upside. Even with the stock up 74% since then, I continue to see upside ahead.<h2 id=\"id_2320423507\">PLTR Stock Key Metrics</h2>In its most recent quarter, PLTR grew revenue by 18% YOY to $525 million with the US being its strongest region of growth. That comfortably beat guidance which had called for only $504 million in revenue.<img src=\"https://static.tigerbbs.com/b255484f68a07f943fff79b6680cf97c\" tg-width=\"640\" tg-height=\"334\"/>2023 Q1 PresentationPLTR grew its customer count by 41% YOY though overall growth may continue to lag customer count growth due to it taking time for customers to fully embrace the solutions.<img src=\"https://static.tigerbbs.com/db297274b81ebc724a554f562adc622f\" tg-width=\"640\" tg-height=\"327\"/>2023 Q1 PresentationAt this point, investors have likely come to terms that revenue growth will be depressed in the near term due to the tough macro environment. Yet investors have shifted their focus to the company’s aggressive profitability targets. PLTR achieved GAAP profitability for the second consecutive quarter.<img src=\"https://static.tigerbbs.com/07da8ba9529c4e1fbdde4e9ca6788801\" tg-width=\"640\" tg-height=\"339\"/>2023 Q1 PresentationUnlike the first quarter, in which the GAAP profits were mainly due to non-cash realized gains on investments, this quarter saw PLTR generate GAAP operating income for the first time.<img src=\"https://static.tigerbbs.com/4bce71b7ba9466eab540ba09e6b56611\" tg-width=\"640\" tg-height=\"339\"/>2023 Q1 PresentationWe can see below that the margin expansion was mainly driven by operating leverage, as the company managed to drive 18% top-line growth without materially increasing operating expenses.<img src=\"https://static.tigerbbs.com/0da577d8b4ef0df0c7a0bbb97429e3e6\" tg-width=\"640\" tg-height=\"134\"/>2023 Q1 Press ReleaseWall Street may have at some point assumed that these tech stocks were unable to show operating leverage, but these results (as well as the results of many other tech peers) have shown that these tech companies may have instead been intentionally aggressively investing in growth. Management continues to expect GAAP profitability for the full year with GAAP profits in each quarter.PLTR ended the quarter with $2.9 billion in net cash - interest earned on that cash undoubtedly will continue to help net margins.<img src=\"https://static.tigerbbs.com/d1290b4b3418de6c3344a10ef0eaef9f\" tg-width=\"640\" tg-height=\"333\"/>2023 Q1 PresentationLooking ahead, PLTR has guided for the second quarter to see 12.5% YOY growth to $532 million, and for the year to see 17% YOY growth to $2.235 billion (a slight increase from prior guidance of $2.23 billion). PLTR expects to generate $556 million of adjusted operating income, up from the prior guidance of $531 million.<img src=\"https://static.tigerbbs.com/b38a531a62df9c9e974c254cfbf26805\" tg-width=\"640\" tg-height=\"238\"/>2023 Q1 PresentationThese are strong financial results. Yes, revenue growth has decelerated meaningfully from the 30+% growth rates shown during the pandemic. But the stock is no longer selling for 30x sales, and lower valuations have changed the expectations. It is impressive that PLTR is able to sustain such robust revenue growth in spite of the tough macro environment, and simply incredible that the company is able to expand profit margins on top of that.Yet I am of the view that it was not the financial results that have driven the latest rally. On the conference call, management fully embraced investor enthusiasm for AI, stating that “larger enduring value is more likely to emerge from the application and workflow layer,” in which PLTR is the clear leader. Like Microsoft (MSFT), PLTR has shown an aggressive growth mentality, with managing stating that “when you&#39;re ahead of the market, you need to take territory.” Whereas the hype for AI has reached a boiling point this year, the reality is that implementing AI may not be so trivial for every unique business need. PLTR views itself as being well positioned to capitalize on growing interest in AI because it can close the gap between demand and implementation.<h2 id=\"id_40726293\">Is PLTR Stock A Buy, Sell, or Hold?</h2>With that in mind, it may become easier to understand why PLTR stock has performed so strongly as of late. I view PLTR as being the ultimate AI consultant. There have been many reports about how providers of AI have no moat, I am of the view that PLTR has a great moat in being the preeminent implementer of AI for customers. Even prior to this year’s AI hype, PLTR was recognized as the worldwide leader in artificial intelligence.<img src=\"https://static.tigerbbs.com/8ed72cc05b932939dcd8717105d275ba\" tg-width=\"640\" tg-height=\"340\"/>2023 Q1 PresentationSome readers may be wondering if that leadership has been displaced by Microsoft’s partner in OpenAI or any of the other tech titans. The opposite is true: all of this AI hype has likely only driven increased demand in PLTR’s expertise. If the average person is suddenly interested in how they can use AI, then you can bet that enterprise companies are also thinking critically on how they can use AI to drive operational efficiencies as well.PLTR has introduced its Artificial Intelligence Platform to help customers employ large language models.<img src=\"https://static.tigerbbs.com/6d012ddb99b6a0c6dab3c605700d1de3\" tg-width=\"640\" tg-height=\"331\"/>2023 Q1 PresentationManagement noted that they have already seen “unprecedented demand” for AIP and I suspect that this should lead to accelerating growth in coming years. Consensus estimates are factoring in such acceleration, but I wouldn’t rule out a return to 30% growth rates.<img src=\"https://static.tigerbbs.com/e42e5c46b5a8ceec00ba2ce036481495\" tg-width=\"640\" tg-height=\"134\"/>Seeking AlphaWith PLTR now poised to deliver GAAP profitability, traditional and growth investors alike now can start comparing the stock’s valuation to stocks outside of the tech sector. Yes, the stock’s 15x sales multiple represents some premium to peers, but this is a company which can arguably drive 30% net margins over the long term. Based on 25% revenue growth, 30% long term net margins, and a 1.5x price to earnings growth ratio (‘PEG ratio’), I could see PLTR trading at 11.3x sales over the next several years, suggesting solid upside. Yes, my revenue growth assumption is higher than consensus estimates, but I reiterate my view that recent AI hype may be the catalyst to help revenue growth accelerate coming out of this tough macro environment. There is arguably significant upside to my target as much of the broader market trades at PEG ratios well in excess of 1.5x and one can make the argument that PLTR deserves a significant premium due to the high margin business model. That said, the vicious rally since my last coverage has reduced the multiple expansion potential in the near term, and I must downgrade my bullishness from &#34;strong buy&#34; to &#34;buy.&#34;What are the key risks? From the get-go, PLTR has been a company full of promise, but management has arguably shown a history of over-promising and under-delivering. It is possible that revenue growth does not accelerate and the recent push for GAAP profitability is merely meant to offset such deceleration. In that case, my fair value estimate would decline considerably due to its heavy reliance on top-line growth. It is also possible that the tech titans find a way to make it easier for companies to implement AI for unique use cases, which would make PLTR’s business model somewhat obsolete. I find such a result unlikely as of the current moment, but AI is new waters and it is not clear what the future will hold. The stock is not nearly as cheap as it was just several months ago but I do not view it to be in a bubble (unlike some other AI stocks) and see considerable upside if my thesis of accelerating growth comes to fruition. I reiterate my buy rating for the stock especially for long-term growth investors.</body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: This Is No Bubble, AI Hype Should Accelerate Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: This Is No Bubble, AI Hype Should Accelerate Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-11 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4616060-palantir-ai-hype-should-accelerate-growth>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nPalantir (NYSE:PLTR) stock has been on fire. Not only has the company managed to offset decelerating revenue growth with a sudden push for GAAP profitability, but the surge in enthusiasm for ...\n\n<a href=\"https://seekingalpha.com/article/4616060-palantir-ai-hype-should-accelerate-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4543":"AI","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4579":"人工智能","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4588":"碎股","BK4527":"明星科技股","MSFT":"微软","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4503":"景林资产持仓","BK4577":"网络游戏","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4581":"高盛持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4504":"桥水持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","PLTR":"Palantir Technologies Inc.","BK4528":"SaaS概念","BK4023":"应用软件","BK4516":"特朗普概念","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","BK4585":"ETF&股票定投概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","BK4576":"AR","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4587":"ChatGPT概念","BK4566":"资本集团","BK4525":"远程办公概念","LU0080751232.USD":"富达环球多元动力基金A","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4616060-palantir-ai-hype-should-accelerate-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2350916858","content_text":"Palantir (NYSE:PLTR) stock has been on fire. Not only has the company managed to offset decelerating revenue growth with a sudden push for GAAP profitability, but the surge in enthusiasm for artificial intelligence has helped to highlight the company’s dominant positioning in the field. PLTR is a leader in helping companies make use of AI and I expect the latest AI developments to prove to be the long-awaited catalyst to increase demand. The company maintains a net cash balance sheet and has shown an ability and willingness to drive operating leverage. While the stock has seen a somewhat parabolic move higher and the valuation is no longer dirt-cheap, PLTR stock remains highly buyable for long term growth investors.PLTR Stock PriceWhat a difference a couple of months can bring - after languishing amidst the valuation reset in the tech sector, PLTR has shot straight up.Data by YChartsI last covered PLTR in April where I discussed why the push for GAAP profitability paves the way for substantial upside. Even with the stock up 74% since then, I continue to see upside ahead.PLTR Stock Key MetricsIn its most recent quarter, PLTR grew revenue by 18% YOY to $525 million with the US being its strongest region of growth. That comfortably beat guidance which had called for only $504 million in revenue.2023 Q1 PresentationPLTR grew its customer count by 41% YOY though overall growth may continue to lag customer count growth due to it taking time for customers to fully embrace the solutions.2023 Q1 PresentationAt this point, investors have likely come to terms that revenue growth will be depressed in the near term due to the tough macro environment. Yet investors have shifted their focus to the company’s aggressive profitability targets. PLTR achieved GAAP profitability for the second consecutive quarter.2023 Q1 PresentationUnlike the first quarter, in which the GAAP profits were mainly due to non-cash realized gains on investments, this quarter saw PLTR generate GAAP operating income for the first time.2023 Q1 PresentationWe can see below that the margin expansion was mainly driven by operating leverage, as the company managed to drive 18% top-line growth without materially increasing operating expenses.2023 Q1 Press ReleaseWall Street may have at some point assumed that these tech stocks were unable to show operating leverage, but these results (as well as the results of many other tech peers) have shown that these tech companies may have instead been intentionally aggressively investing in growth. Management continues to expect GAAP profitability for the full year with GAAP profits in each quarter.PLTR ended the quarter with $2.9 billion in net cash - interest earned on that cash undoubtedly will continue to help net margins.2023 Q1 PresentationLooking ahead, PLTR has guided for the second quarter to see 12.5% YOY growth to $532 million, and for the year to see 17% YOY growth to $2.235 billion (a slight increase from prior guidance of $2.23 billion). PLTR expects to generate $556 million of adjusted operating income, up from the prior guidance of $531 million.2023 Q1 PresentationThese are strong financial results. Yes, revenue growth has decelerated meaningfully from the 30+% growth rates shown during the pandemic. But the stock is no longer selling for 30x sales, and lower valuations have changed the expectations. It is impressive that PLTR is able to sustain such robust revenue growth in spite of the tough macro environment, and simply incredible that the company is able to expand profit margins on top of that.Yet I am of the view that it was not the financial results that have driven the latest rally. On the conference call, management fully embraced investor enthusiasm for AI, stating that “larger enduring value is more likely to emerge from the application and workflow layer,” in which PLTR is the clear leader. Like Microsoft (MSFT), PLTR has shown an aggressive growth mentality, with managing stating that “when you're ahead of the market, you need to take territory.” Whereas the hype for AI has reached a boiling point this year, the reality is that implementing AI may not be so trivial for every unique business need. PLTR views itself as being well positioned to capitalize on growing interest in AI because it can close the gap between demand and implementation.Is PLTR Stock A Buy, Sell, or Hold?With that in mind, it may become easier to understand why PLTR stock has performed so strongly as of late. I view PLTR as being the ultimate AI consultant. There have been many reports about how providers of AI have no moat, I am of the view that PLTR has a great moat in being the preeminent implementer of AI for customers. Even prior to this year’s AI hype, PLTR was recognized as the worldwide leader in artificial intelligence.2023 Q1 PresentationSome readers may be wondering if that leadership has been displaced by Microsoft’s partner in OpenAI or any of the other tech titans. The opposite is true: all of this AI hype has likely only driven increased demand in PLTR’s expertise. If the average person is suddenly interested in how they can use AI, then you can bet that enterprise companies are also thinking critically on how they can use AI to drive operational efficiencies as well.PLTR has introduced its Artificial Intelligence Platform to help customers employ large language models.2023 Q1 PresentationManagement noted that they have already seen “unprecedented demand” for AIP and I suspect that this should lead to accelerating growth in coming years. Consensus estimates are factoring in such acceleration, but I wouldn’t rule out a return to 30% growth rates.Seeking AlphaWith PLTR now poised to deliver GAAP profitability, traditional and growth investors alike now can start comparing the stock’s valuation to stocks outside of the tech sector. Yes, the stock’s 15x sales multiple represents some premium to peers, but this is a company which can arguably drive 30% net margins over the long term. Based on 25% revenue growth, 30% long term net margins, and a 1.5x price to earnings growth ratio (‘PEG ratio’), I could see PLTR trading at 11.3x sales over the next several years, suggesting solid upside. Yes, my revenue growth assumption is higher than consensus estimates, but I reiterate my view that recent AI hype may be the catalyst to help revenue growth accelerate coming out of this tough macro environment. There is arguably significant upside to my target as much of the broader market trades at PEG ratios well in excess of 1.5x and one can make the argument that PLTR deserves a significant premium due to the high margin business model. That said, the vicious rally since my last coverage has reduced the multiple expansion potential in the near term, and I must downgrade my bullishness from \"strong buy\" to \"buy.\"What are the key risks? From the get-go, PLTR has been a company full of promise, but management has arguably shown a history of over-promising and under-delivering. It is possible that revenue growth does not accelerate and the recent push for GAAP profitability is merely meant to offset such deceleration. In that case, my fair value estimate would decline considerably due to its heavy reliance on top-line growth. It is also possible that the tech titans find a way to make it easier for companies to implement AI for unique use cases, which would make PLTR’s business model somewhat obsolete. I find such a result unlikely as of the current moment, but AI is new waters and it is not clear what the future will hold. The stock is not nearly as cheap as it was just several months ago but I do not view it to be in a bubble (unlike some other AI stocks) and see considerable upside if my thesis of accelerating growth comes to fruition. I reiterate my buy rating for the stock especially for long-term growth investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":191,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/196608271224984"}