Michael Vi
In February 2022, I turned bullish on Palantir Technologies Inc. (NASDAQ:PLTR) when the stock was trading around $13 as I believed the company's valuation failed to reflect its true economic potential. In June 2023, during the early
Palantir: Two Reasons Why I Believe It Is Just Getting Started
Summary
- Palantir Technologies Inc. is expanding beyond its traditional government contracts into unconventional business sectors, positioning itself as a leader in enterprise AI solutions.
- Although the U.S. and U.K. currently account for 75% of Palantir’s revenue, the company is targeting high-growth international markets in Asia, Europe, and Latin America.
- Early adoption in sectors like precision agriculture and renewable energy is giving Palantir a first-mover advantage, potentially leading to accelerated revenue growth.
- Despite its high valuation, Palantir’s diversified growth strategy and expanding international presence suggest strong earnings potential.
Dilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. Dilantha’s expertise spans across various sectors, with a particular focus on small-cap stocks that are overlooked by Wall Street analysts. He is a CFA Level III candidate and an Associate Member of the Chartered Institute for Securities and Investment (CISI). Dilantha has been featured on CNBC and Bloomberg, and his work has been prominently showcased on Nasdaq, Yahoo Finance, and other leading investment platforms. When not analyzing stocks and writing, Dilantha is involved in private equity transactions, including acquiring and managing businesses.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of PLTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.