Palantir: Reaching Fever Pitch
Summary
- Palantir's Q2 results were strong across the board, with the company's government and US commercial businesses both areas of particular strength.
- The company's ability to land 7-figure deals in a matter of weeks is indicative of an extremely robust demand environment.
- Despite its impressive recent financial performance, I believe Palantir's valuation makes it overly risky, particularly given the precarious state of the economy.
- While I think that Palantir offers a poor risk/reward ratio at current prices, its valuation probably won't matter while it can continue to beat and raise guidance.
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Palantir Technologies Inc.'s (NYSE:PLTR) Q2 results showed an ongoing acceleration across a range of metrics. Deal volumes rebounded strongly and Palantir's government business continues to gather pace. While Palantir's government business has never really been in doubt, the company's ability to
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