Palantir: Why Taking Profits Makes Sense Now

Palantir’s customer base grew 71% from December 2022 to September 2024, reaching 629 customers, driven by strong commercial demand.
Commercial customer growth surged 91.5% from Q4 2022 to Q3 2024, positioning Palantir to reduce reliance on government contracts.
U.S. commercial customers saw 124.5% growth over the same period, highlighting Palantir’s successful expansion in its domestic market.
SBC remains high, reaching $142.4 million in Q3 2024, limiting profitability and diluting shareholder value.
With RSI at 81.66, Palantir's stock is overbought, suggesting a potential pullback; current valuation offers a profit-booking opportunity.

piranka

Investment Thesis

As a long-time bull on Palantir (NYSE:PLTR), I’ve seen my conviction in this investment validated, with PLTR proving to be one of my most rewarding positions. Since the last coverage following the recent rally, we maintained optimism

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Since the <a href=\"https://seekingalpha.com/article/4725981-palantir-even-after-the-rally-theres-still-room-for-more-upside\" target=\"_blank\">last coverage</a> following the recent rally, we maintained optimism</p></body></html>","htmlText":"<html><head></head><body><ul>\n <li>Palantir’s customer base grew 71% from December 2022 to September 2024, reaching 629 customers, driven by strong commercial demand.</li>\n <li>Commercial customer growth surged 91.5% from Q4 2022 to Q3 2024, positioning Palantir to reduce reliance on government contracts.</li>\n <li>U.S. commercial customers saw 124.5% growth over the same period, highlighting Palantir’s successful expansion in its domestic market.</li>\n <li>SBC remains high, reaching $142.4 million in Q3 2024, limiting profitability and diluting shareholder value.</li>\n <li>With RSI at 81.66, Palantir's stock is overbought, suggesting a potential pullback; current valuation offers a profit-booking opportunity.</li>\n</ul><img src=\"https://static.tigerbbs.com/7a81bb369d8b6d186ee8260853536358\">\n<p class=\"item-caption\"></p>\n<p class=\"item-credits\">piranka</p>\n<div class=\"inline_ad_placeholder\"></div>\n<h2>Investment Thesis</h2>\n<p>As a long-time bull on Palantir (<span class=\"ticker-hover-wrapper\">NYSE:<a href=\"https://seekingalpha.com/symbol/PLTR\">PLTR</a></span>), I’ve seen my conviction in this investment validated, with PLTR proving to be one of my most rewarding positions. Since the <a href=\"https://seekingalpha.com/article/4725981-palantir-even-after-the-rally-theres-still-room-for-more-upside\" target=\"_blank\">last coverage</a> following the recent rally, we maintained optimism</p></body></html>","text":"Palantir’s customer base grew 71% from December 2022 to September 2024, reaching 629 customers, driven by strong commercial demand. Commercial customer growth surged 91.5% from Q4 2022 to Q3 2024, positioning Palantir to reduce reliance on government contracts. U.S. commercial customers saw 124.5% growth over the same period, highlighting Palantir’s successful expansion in its domestic market. SBC remains high, reaching $142.4 million in Q3 2024, limiting profitability and diluting shareholder value. With RSI at 81.66, Palantir's stock is overbought, suggesting a potential pullback; current valuation offers a profit-booking opportunity. piranka Investment Thesis As a long-time bull on Palantir (NYSE:PLTR), I’ve seen my conviction in this investment validated, with PLTR proving to be one of my most rewarding positions. 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