Palantir (NYSE:PLTR) Delivers Astonishing Results, But Is the Valuation Justifiable? [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
Investors have plenty of reason to cheer, as Palantir delivered excellent numbers across the board in Q3. Specifically, Palantir demonstrated notable progress in both its government and commercial segments while achieving an unreal Rule of 40 score. Yet, the stock's valuation now seems to have reached highs that defy conventional understanding. As I will explain, despite Palantir's promising potential, today's valuation has already priced in several years of stellar growth. Hence, I am neutral on the stock. To understand just how extraordinary Palantir's Q3 results were, it's worth taking a closer look at both of its segments, starting with Government. In particular, Palantir's Government revenues grew by 33% year-over-year to $408 million. The U.S. government division led the charge, achieving a remarkable 40% year-over-year increase and 15% quarter-over-quarter growth. These rates marked a substantial acceleration from the previous quarter's 24% year-over-year and quarter-over-qua
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PLTR
Earnings
- 11/4/24 - Beat
PLTR
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form SC
- 11/8/24 - Form 144
- PLTR's page on the SEC website