Palantir Technologies is a software company that specializes in big data analytics and machine learning. The company's platform, Foundry, helps organizations make better decisions by providing them with insights from their data.
Palantir has been on a tear in 2023, with the stock price up over 130% year-to-date. This is largely due to the increasing adoption of AI and data analytics by businesses and government agencies.
In its most recent earnings report, Palantir reported strong revenue growth of 43% year-over-year. The company also posted a profit of $0.04 per share, which was its first profitable quarter since going public in 2020.
Analysts are bullish on Palantir's long-term prospects. They expect the company to continue to grow its revenue and profit margins in the coming years.
However, there are some risks to consider before buying Palantir stock. The company's valuation is high, and it is still not profitable on a consistent basis. Additionally, Palantir's business is highly dependent on government contracts, which could be a risk if there is a change in political leadership.
Overall, Palantir is a well-positioned company in the growing AI and data analytics market. The stock is priced high, but it could be a good long-term investment for investors who are willing to take on some risk.
**Here are some of the pros and cons of buying Palantir stock in H2 2023:**
**Pros:**
* Strong revenue growth
* First profitable quarter since going public
* Bullish analyst sentiment
* Growing market for AI and data analytics
**Cons:**
* High valuation
* Not yet profitable on a consistent basis
* Government contracts are a risk
**Overall, Palantir is a good long-term investment for investors who are willing to take on some risk. The company is well-positioned in the growing AI and data analytics market, and it has a strong management team. However, the stock is priced high, so investors should be prepared for some volatility in the near term.**
Comments
I have little doubt that this stock will be in the $40s around this time next year. Anything under $20 in my opinion is a great buy especially if your time frame extends a few years into the future.
PLTR is going to be kicking like a mule after the earnings report. We all know it is a great company. With time, and hiccups along the way, PLTR share price will uptrend.
News .....for digital disruption AI, Blackrock picked PLTR.
This stock is marching higher the same way it came down from $45-$5 in bits and pieces then a big drop. Now it’s doing the reverse.
I don't understand why PLTR was up 2.7% at one point, and diminishing, and looking to go red again ?