Should You Buy Palantir Stock Before June 21?

Motley Fool05-31

Palantir became eligible for S&P 500 inclusion following its third-quarter 2023 earnings report.The company has yet to be chosen for the index, but this upcoming cycle could be its time.Whether or not...

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HJKJ
·05-31
Only buy on the say of. If the market is going up then it will go up. Nothing else determines
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}\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\">\nShould You Buy Palantir Stock Before June 21?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-31 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/30/should-you-buy-palantir-stock-before-june-21/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir became eligible for S&P 500 inclusion following its third-quarter 2023 earnings report.The company has yet to be chosen for the index, but this upcoming cycle could be its time.Whether or not...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/30/should-you-buy-palantir-stock-before-june-21/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2024/05/30/should-you-buy-palantir-stock-before-june-21/","article_id":"2439640017","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439640017","pubTimestamp":1717125345,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The S&P 500 is set to rebalance on June 21, and Palantir will be eligible for the third time.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc.","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BK4588":"碎股","BK4581":"高盛持仓","BK4023":"应用软件","BK4504":"桥水持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4547":"WSB热门概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4543":"AI"},"translate_title":"你应该在6月21日之前购买Palantir股票吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":1.1},"content_text":"Palantir became eligible for S&P 500 inclusion following its third-quarter 2023 earnings report.The company has yet to be chosen for the index, but this upcoming cycle could be its time.Whether or not Palantir is selected for the S&P 500 in June, the stock still looks like a buy.One of the most respected milestones a public company can reach is being added to the S&P 500. This stock index acts as an important barometer of the overall market -- and being included in this exclusive club implies that a company is among the best in its  industry.Of course, there's no guarantee a company will stay in the index as businesses can experience dramatic ebbs and flows in their results -- thereby impacting trading activity and valuations. Thankfully, the S&P 500 index is rebalanced once per quarter, and the next rebalancing is set to occur on June 21.Among a sea of eligible candidates is artificial intelligence (AI) company, Palantir Technologies (PLTR 1.19%). Let's dig into what makes Palantir eligible, and assess if scooping up shares before the next rebalancing is a good idea.This isn't Palantir's first rodeoThere are a number of criteria a company must meet in order to be eligible for the S&P 500. Some important parameters include the company's market cap, timing of its IPO, trading volume, and more.I would argue that the most difficult criterion for S&P inclusion relates to profitability. To be chosen for the index, a company must generate positive earnings for the last four quarters. The caveat here is that only the most recent quarter has to include positive net income.Palantir officially became eligible for the S&P 500 following its earnings report for the third quarter of 2023. Since then, the company has continued generating positive earnings. As of March 31, Palantir has now posted six consecutive quarters of profitability on a generally accepted accounting principles (GAAP) basis.Since Palantir became eligible for the S&P 500 two quarters ago, companies including Super Micro Computer, Uber Technologies, Deckers Outdoor, and Jabil were added to the index.Data source: Investor relations.Will Palantir be chosen for the S&P?Will Palantir be chosen for the S&P 500 on June 21? Maybe, but I wouldn't obsess too much over it. While there isn't any specified reason as to why Palantir hasn't been chosen yet, one idea could revolve around the current themes fueling Palantir's business.For almost two decades, Palantir consistently posted hefty operating losses. While the company demonstrated it can sell its software to large enterprises, questions lingered around whether Palantir would ever reach sustained profits or just continue investing in growth a burn money.But over the last year or more, applications in generative AI have emerged as a major growth catalysts for tech businesses. Palantir has been a beneficiary of AI demand, as the company's revenue, operating margins, and free cash flow are all soaring.Image source: Getty Images.Is now a good time to invest in Palantir stock?With a price-to-sales (P/S) ratio of 20.9, Palantir trades at a premium to many of its software-as-a-service (SaaS) peers.PLTR PS Ratio data by YChartsI wouldn't balk at Palantir's premium valuation, though. Unlike many of these companies, Palantir is consistently profitable. This provides Palantir with  financial flexibility, which it can use to further innovate and differentiate from its peers.Moreover, the chart also indicates that Palantir might be a buy right now. While its P/S multiple remains high for a growth stock, it has noticeably declined from levels seen earlier this year. This dynamic is particularly notable, considering that Palantir demonstrated another strong performance in its first-quarter earnings report -- highlighted with further revenue and profit growth.Overall, the big idea here is that while S&P 500 inclusion is nice, I wouldn't buy a stock based on that milestone alone. Investing in Palantir should be rooted in strong convictions about AI, big data analytics, and the company's ability to perform at a high level.I see now as an opportunity to buy the dip in Palantir stock. Given the secular tailwinds fueling AI, Palantir looks well-positioned for robust, sustained growth. For these reasons, I think the company's ability to maintain its profit generation in the long run remains high.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":311719037960296,"gmtCreate":1717129014621,"gmtModify":1717129018594,"author":{"id":"4159389029106972","authorId":"4159389029106972","name":"HJKJ","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4159389029106972","authorIdStr":"4159389029106972"},"htmlText":"Only buy on the say of. If the market is going up then it will go up. Nothing else determines&nbsp;","listText":"Only buy on the say of. If the market is going up then it will go up. Nothing else determines&nbsp;","text":"Only buy on the say of. If the market is going up then it will go up. Nothing else determines","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311719037960296","repostId":2439640017,"repostType":4,"repost":{"id":"2439640017","pubTimestamp":1717125345,"share":"https://ttm.financial/m/news/2439640017?lang=&edition=fundamental","pubTime":"2024-05-31 11:15","market":"fut","language":"en","title":"Should You Buy Palantir Stock Before June 21?","url":"https://stock-news.laohu8.com/highlight/detail?id=2439640017","media":"Motley Fool","summary":"The S&P 500 is set to rebalance on June 21, and Palantir will be eligible for the third time.","content":"<html><head></head><body><ul style=\"\"><li><p>Palantir became eligible for S&amp;P 500 inclusion following its third-quarter 2023 earnings report.</p></li><li><p>The company has yet to be chosen for the index, but this upcoming cycle could be its time.</p></li><li><p>Whether or not Palantir is selected for the S&amp;P 500 in June, the stock still looks like a buy.</p></li></ul><p>One of the most respected milestones a public company can reach is being added to the <strong>S&amp;P 500</strong>. This stock index acts as an important barometer of the overall market -- and being included in this exclusive club implies that a company is among the best in its  industry.</p><p>Of course, there&#39;s no guarantee a company will stay in the index as businesses can experience dramatic ebbs and flows in their results -- thereby impacting trading activity and valuations. Thankfully, the S&amp;P 500 index is rebalanced once per quarter, and the next rebalancing is set to occur on June 21.</p><p>Among a sea of eligible candidates is artificial intelligence (AI) company, <strong>Palantir Technologies</strong> (PLTR 1.19%). Let&#39;s dig into what makes Palantir eligible, and assess if scooping up shares before the next rebalancing is a good idea.</p><h2 id=\"id_364649589\">This isn&#39;t Palantir&#39;s first rodeo</h2><p>There are a number of criteria a company must meet in order to be eligible for the S&amp;P 500. Some important parameters include the company&#39;s market cap, timing of its IPO, trading volume, and more.</p><p>I would argue that the most difficult criterion for S&amp;P inclusion relates to profitability. To be chosen for the index, a company must generate positive earnings for the last four quarters. The caveat here is that<em> only</em> the most recent quarter has to include positive net income.</p><p>Palantir officially became eligible for the S&amp;P 500 following its earnings report for the third quarter of 2023. Since then, the company has continued generating positive earnings. As of March 31, Palantir has now posted six consecutive quarters of profitability on a generally accepted accounting principles (GAAP) basis.</p><p>Since Palantir became eligible for the S&amp;P 500 two quarters ago, companies including <strong>Super Micro Computer</strong>, <strong>Uber Technologies</strong>, <strong>Deckers Outdoor</strong>, and <strong>Jabil</strong> were added to the index.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/122232c9ab046a1279d72ab571f693d0\" tg-width=\"700\" tg-height=\"389\"/></p><p>Data source: Investor relations.</p><h2 id=\"id_325110897\">Will Palantir be chosen for the S&amp;P?</h2><p>Will Palantir be chosen for the S&amp;P 500 on June 21? Maybe, but I wouldn&#39;t obsess too much over it. While there isn&#39;t any specified reason as to why Palantir hasn&#39;t been chosen yet, one idea could revolve around the current themes fueling Palantir&#39;s business.</p><p>For almost two decades, Palantir consistently posted hefty operating losses. While the company demonstrated it can sell its software to large enterprises, questions lingered around whether Palantir would ever reach sustained profits or just continue investing in growth a burn money.</p><p>But over the last year or more, applications in generative AI have emerged as a major growth catalysts for tech businesses. Palantir has been a beneficiary of AI demand, as the company&#39;s revenue, operating margins, and free cash flow are all soaring.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d41e73f1de95e21c80c97a0c6f771313\" tg-width=\"700\" tg-height=\"466\"/></p><p>Image source: Getty Images.</p><h2 id=\"id_1503030974\">Is now a good time to invest in Palantir stock?</h2><p>With a price-to-sales (P/S) ratio of 20.9, Palantir trades at a premium to many of its software-as-a-service (SaaS) peers.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/650bb4b6a869bc3d943bb1d112e51c41\" tg-width=\"720\" tg-height=\"507\"/></p><p>PLTR PS Ratio data by YCharts</p><p>I wouldn&#39;t balk at Palantir&#39;s premium valuation, though. Unlike many of these companies, Palantir is consistently profitable. This provides Palantir with  financial flexibility, which it can use to further innovate and differentiate from its peers.</p><p>Moreover, the chart also indicates that Palantir might be a buy right now. While its P/S multiple remains high for a growth stock, it has noticeably declined from levels seen earlier this year. This dynamic is particularly notable, considering that Palantir demonstrated another strong performance in its first-quarter earnings report -- highlighted with further revenue and profit growth.</p><p>Overall, the big idea here is that while S&amp;P 500 inclusion is nice, I wouldn&#39;t buy a stock based on that milestone alone. Investing in Palantir should be rooted in strong convictions about AI, big data analytics, and the company&#39;s ability to perform at a high level.</p><p>I see now as an opportunity to buy the dip in Palantir stock. Given the secular tailwinds fueling AI, Palantir looks well-positioned for robust, sustained growth. For these reasons, I think the company&#39;s ability to maintain its profit generation in the long run remains high.</p></body></html>","source":"fool_stock","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>Should You Buy Palantir Stock Before June 21?</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\">\nShould You Buy Palantir Stock Before June 21?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-31 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/30/should-you-buy-palantir-stock-before-june-21/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir became eligible for S&P 500 inclusion following its third-quarter 2023 earnings report.The company has yet to be chosen for the index, but this upcoming cycle could be its time.Whether or not...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/30/should-you-buy-palantir-stock-before-june-21/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BK4588":"碎股","BK4581":"高盛持仓","BK4023":"应用软件","BK4504":"桥水持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4547":"WSB热门概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4543":"AI"},"source_url":"https://www.fool.com/investing/2024/05/30/should-you-buy-palantir-stock-before-june-21/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2439640017","content_text":"Palantir became eligible for S&P 500 inclusion following its third-quarter 2023 earnings report.The company has yet to be chosen for the index, but this upcoming cycle could be its time.Whether or not Palantir is selected for the S&P 500 in June, the stock still looks like a buy.One of the most respected milestones a public company can reach is being added to the S&P 500. This stock index acts as an important barometer of the overall market -- and being included in this exclusive club implies that a company is among the best in its  industry.Of course, there's no guarantee a company will stay in the index as businesses can experience dramatic ebbs and flows in their results -- thereby impacting trading activity and valuations. Thankfully, the S&P 500 index is rebalanced once per quarter, and the next rebalancing is set to occur on June 21.Among a sea of eligible candidates is artificial intelligence (AI) company, Palantir Technologies (PLTR 1.19%). Let's dig into what makes Palantir eligible, and assess if scooping up shares before the next rebalancing is a good idea.This isn't Palantir's first rodeoThere are a number of criteria a company must meet in order to be eligible for the S&P 500. Some important parameters include the company's market cap, timing of its IPO, trading volume, and more.I would argue that the most difficult criterion for S&P inclusion relates to profitability. To be chosen for the index, a company must generate positive earnings for the last four quarters. The caveat here is that only the most recent quarter has to include positive net income.Palantir officially became eligible for the S&P 500 following its earnings report for the third quarter of 2023. Since then, the company has continued generating positive earnings. As of March 31, Palantir has now posted six consecutive quarters of profitability on a generally accepted accounting principles (GAAP) basis.Since Palantir became eligible for the S&P 500 two quarters ago, companies including Super Micro Computer, Uber Technologies, Deckers Outdoor, and Jabil were added to the index.Data source: Investor relations.Will Palantir be chosen for the S&P?Will Palantir be chosen for the S&P 500 on June 21? Maybe, but I wouldn't obsess too much over it. While there isn't any specified reason as to why Palantir hasn't been chosen yet, one idea could revolve around the current themes fueling Palantir's business.For almost two decades, Palantir consistently posted hefty operating losses. While the company demonstrated it can sell its software to large enterprises, questions lingered around whether Palantir would ever reach sustained profits or just continue investing in growth a burn money.But over the last year or more, applications in generative AI have emerged as a major growth catalysts for tech businesses. Palantir has been a beneficiary of AI demand, as the company's revenue, operating margins, and free cash flow are all soaring.Image source: Getty Images.Is now a good time to invest in Palantir stock?With a price-to-sales (P/S) ratio of 20.9, Palantir trades at a premium to many of its software-as-a-service (SaaS) peers.PLTR PS Ratio data by YChartsI wouldn't balk at Palantir's premium valuation, though. Unlike many of these companies, Palantir is consistently profitable. This provides Palantir with  financial flexibility, which it can use to further innovate and differentiate from its peers.Moreover, the chart also indicates that Palantir might be a buy right now. While its P/S multiple remains high for a growth stock, it has noticeably declined from levels seen earlier this year. This dynamic is particularly notable, considering that Palantir demonstrated another strong performance in its first-quarter earnings report -- highlighted with further revenue and profit growth.Overall, the big idea here is that while S&P 500 inclusion is nice, I wouldn't buy a stock based on that milestone alone. Investing in Palantir should be rooted in strong convictions about AI, big data analytics, and the company's ability to perform at a high level.I see now as an opportunity to buy the dip in Palantir stock. Given the secular tailwinds fueling AI, Palantir looks well-positioned for robust, sustained growth. For these reasons, I think the company's ability to maintain its profit generation in the long run remains high.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":1,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}