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Palantir Technologies Inc. (NASDAQ:PLTR) is one of the high-growth tech companies that love to watch. Back in mid-April, I explained why I thought investors should buy PLTR. Since then, the stock gained 41.62% – investors who bought as a
Palantir: 3 Explosive Growth Catalysts To Be Excited About
Summary
- Palantir's financials are outstanding, with accelerating revenue, profit, and cash flow growth, driven by surging US commercial and government contracts.
- Despite a lofty valuation, Palantir's unique AI positioning and innovation make it a compelling long-term play as AI adoption expands across industries.
- I rate Palantir a 'buy' for new long-term investors, but recommend waiting for a pullback if adding to an existing position due to high valuation.
Rick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion is business, and he works tirelessly to deliver content in an easy-to-understand manner. In 2018, Rick wrote The Financially Independent Millennial to inspire his readers with his story about becoming financially independent at age 35 despite not learning about money when he was younger. His books are easy to read and often refer to key points that “He would tell his younger self.” When not thinking about business, Rick writes (mainly about cruise ship travel) for his travel blog and is an enthusiast of fast cars, technology, & cooking.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in PLTR over the next 72 hours. 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.
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