Super Expensive Palantir Drops Heavily Anticipated Q3 Earnings

Summary

  • Palantir Technologies Inc.'s Q3 earnings were strong, with revenue up 30% YoY to $726M and EPS beating estimates, but the stock remains expensive.
  • US Commercial revenue surged 54% YoY, driven by AI demand, while US Government revenue grew 40% YoY, showing strong segment performance.
  • Palantir's cash flow remains robust with $435M in adjusted free cash flow and $4.6B in cash, but valuation is at nosebleed levels.
  • Despite impressive growth, Palantir's stock is expensive at $42 per share and the stock is rallying more, making it even pricier.
  • Consider selling at a premium here.
  • Looking for more investing ideas like this one? Get them exclusively at BAD BEAT Investing. Learn More »

Dust storm after detonator blast in the Arabian desert

Ghulam Hussain

Palantir Technologies Inc. (NYSE:PLTR) has been a powerhouse stock this year, really rallying hard and taking our house position higher with it. We have been in and out of tactical trades in this name, but have enjoyed a core

Come trade with us

Get more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.

Our prices go up at the end of the month, but right now we have a big sale on the current price. Join NOW and you can lock in 75% of savings versus the $1,668 some members pay, this sale will end when 3 more members sign up.

We invite you to try us out, with a money back guarantee if you are not satisfied (you will be). Let's win together. Come take the next step. START WINNING!

This article was written by

Quad 7 Capital profile picture
42.13K Followers

The Pioneer Of Seeking Alpha's BAD BEAT Investing, Quad 7 Capital is a team of 7 analysts with a wide range of experience sharing investment opportunities for nearly 12 years. They are best known for their February 2020 call to sell everything & go short, & have been on average 95% long 5% short since May 2020. The broader company has expertise in business, policy, economics, mathematics, game theory, & the sciences. They share both long & short trades & invest personally in equities they discuss within their investing group BAD BEAT Investing, focused on short- & medium-term investments, income generation, special-situations, & momentum trades. Rather than just give you trades, they focus on teaching investors to become proficient traders through their playbook. Their goal is to save you time by providing in depth, high-quality research, with crystal clear entry and exit targets. They have a proven track record of success.

Benefits of BAD BEAT Investing include: Learning how to understand the pinball nature of markets, executing well-researched written trade ideas each week, use of 4 chat rooms, receive daily complimentary key analyst upgrade/downgrade summaries, learning basic options trading, & extensive trading tools. If you would like to learn more, click the link above!

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.

Recommended For You

About PLTR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on PLTR

Related Stocks

SymbolLast Price% Chg
PLTR
--