Palantir: A Reality Check Amid The Hype

Jul. 05, 2023 10:42 PM ET

Palantir Technologies Inc. (PLTR)

Ash Anderson

2.46K?Followers

Summary

• Despite consistent revenue growth and an expanding customer base, Palantir's current valuation is steep and may not be justified without several more years of similar growth.
• Palantir, at best, is a $20B company. Investors today are betting on a future that doesn't exist.
• Palantir will struggle to productize its offerings as they'll be rapidly commoditized.

Given the flurry of buzz surrounding Palantir Technologies (NYSE:PLTR), I hesitated before writing this article. This corporation commands an intense, cult-like following, second only perhaps to Tesla (TSLA). Nevertheless, I find myself poised to share?my perspective on this company, as it's one of the most intriguing players in the tech sphere at present.

Your perception of Palantir might place it as a dull analytics firm peddling fancy charts, or as a top-secret tool the military wields to secure an advantage on the battlefield. The reality, however, nestles somewhere in between these two extremes. Let's first explain Palantir before diving deeper into the business.

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