Nasdaq The DCF valuation employs the Free Cash Flow to the Firm (FCFF) methodology to arrive at the intrinsic value of the company. Motley Fool Palantir Is Starting 2023 With A Bang If we look forward, analysts expect the company to stay unprofitable for at least the next two years. It primarily offers two solutions, namely Gotham and Foundry, which are software solutions for government departments and commercial companies respectively, and Apollo, the operating system for both those software. Someone else is enjoying the rewards. Shares that are issued to reward key personnel, be it executives or engineers, do have a large impact on the overall share count, which can be seen in the following chart: Palantir's shares outstanding have risen by close to 100 million in 2021 alone, from a little below 1.8 billion to a little less than 1.9 billion. Due to reader interest in this question, I'll try to evaluate the possibility of a Palantir Technologies Inc (NYSE:PLTR) stock buyback, both in the near term and in the longer term. At an annualized $1.57 billion and a $45.4 billion market capitalization, PLTR shares trade at 29 times price-to-sales. Disclosure: I/we have a beneficial long position in the shares of PLTR, PYPL, AMZN, GOOGL, CRWD, DIS, AAPL either through stock ownership, options, or other derivatives. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. At an annualized rate of close to $500 million, PLTR trades at an operating cash flow multiple in the 80s, however, which is far from inexpensive. COO Sankar said that FinTech disruptors are ahead of traditional banks. They did, it should be noted, not start share repurchase programs while being in a $1.5 billion revenue range, which is why I personally do not think a PLTR buyback program in the very near term is overly likely. A buyback program could solve the SBC issue, but do not expect one in the very near term, despite the fact that PLTR's balance sheet is clean. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. SHARE THIS POST This represents a further downside from both current share price and the initial fair value per share of the company and thus, Palantir is possibly overvalued at its current share price. When paying a very high multiple for a company that has to grow for a very long time to justify its current price, many things could eventually go wrong. Of particular concern was the approximately. If you have an ad-blocker enabled you may be blocked from proceeding. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Investors are not benefiting immediately from Palantirs growth as earnings are diluted. I have no business relationship with any company whose stock is mentioned in this article. Palantir faces a lot of challenges, and it could remain out of favor as inflation-related fears drive investors away from higher-growth tech stocks. Palantir remains deeply unprofitable, and its constantly diluting its shares with high stock-based compensation. With the dilution effect accounted for (representing over US$3B in dilution across 246M shares), Palantirs true fair value per share will be priced at US$20.75 via EBITDA multiple method and US$20.18 via terminal growth method. The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness. The bulls will argue that Palantir's target of generating more than 30% annual sales growth justifies that higher price-to-sales ratio, but it's easy to find stocks with comparable growth rates at lower valuations. Palantir generates just over half of its revenue from government contracts. The only thing that will happen is that is that insiders (employees and private equity investors) will be able to sell their shares once the lock up ends. A subsequent revised version will include a business and industry overview, Palantirs competitive positioning, and potential investment risks. With good data and the right technology, people and institutions today can still solve hard problems and change the world for the better. Subscribe right now because you get 14 days for FREE. Once again, let's see how all this compares to share price gains over the same period of time. Backin 2020,it had generated a revenue of $1.09 billion along with a net loss of $1.17 billion. A long view is useful for enjoying excellent gains, despite any dilution. Buyer Beware! from when they initially went public and their dilution ranged from 10-20% (most in the low 10s).What does this mean? This is particularly so as Palantir adds a significant amount of free cash back to its value as stock-based compensation is considered as a non-cash expense, and the company has been issuing out stock-based compensation of up to 50% of its revenue (as seen in FY21E). Feast your eyes on their share counts over the last 10 years or so. In fact, based on the companys FCF projections. Banks may justify the return on investment (ROI) based only on the speed of the installation. For the first three quarters of 2021, the company has revenue that exceeds $1.1 billion. Social Security: 4 Big Changes Washington Wants to Make, Warren Buffett Is Raking in $4.84 Billion in Annual Dividend Income From These 6 Stocks, 3 Reasons Tesla Stock Is a No-Brainer Buy in 2023, 3 High-Growth Stocks That Could Be Worth $1 Trillion in 10 Years -- or Sooner, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Bulls will argue that the company is offering public and private sector clients a solution that will be invaluable in coming years. And I can certainly understand if investors might wonder why the company chose to deploy capital in this way as opposed to buying back shares. These options were set to expire on Dec. 3, 2021. Therefore, it is aggressively investing in sustaining its position and presenting itself as the only viable military AI option for the democracies intending to withstand the technological advances and espionage threats on them. Perhaps I'm wrong here but to my eyes there's not an obvious correlation between share count and capital gains over 10 years. Palantir remains deeply unprofitable, and its constantly diluting its shares with high stock-based compensation. The company works closely with the U.S. Army and the Department of Defense (DoD). The potential Another argument made against Palantir is that its share-based compensation hurts investors a lot. The portfolio's price can fluctuate, but the income stream remains consistent. First, it is seeing more traction with the defense industrial customer. What did investors not like about Palantirs third-quarter results? It'll work out. Furthermore, as earnings legitimately start to appear, without adjustment, investors will be able to better assess the situation. It's still a major thorn in my side. Start your free two-week trial today! Louis Navellier and the InvestorPlace Research Staff. If history repeats itself, then PLTR stock could set up as a profitable trade. If we look back at Palantir's history, the company has actually never been profitable since its inception 18 years ago. But the good news is that Karp was by far the biggest holder of options. Its CEO, for example, received a massive $1.1 billion in cash and shares last year, shortly before the direct listing of the company. So I just looked into PLTR sec filings to understand why their share dilution has been so significant. Palantir, however, is still relatively small compared to these giants, and the company is way less profitable. That growth, combined with strong margins and cash flow, ought to translate to share price gains despite the friction and grind. Is this happening to you frequently? ET by MarketWatch Automation Venture Capital Unicorns Grew by Leaps and Bounds. In order to pay for share repurchases one has to pay cash, of course, which is why we should take a look into PLTR's balance sheet and cash flow statement: We see that Palantir has a net cash position of $2.1 billion, not accounting for restricted cash. Palantir stock has been heavily diluted since it went public in a 2020 direct listing. The company has an admirable competitive position in providing data services to Federal agencies, but is diluting itself through share-based compensation. Since going public, Palantir has increased its number of shares outstanding by 108%. Current and future investors will have to keep track of Palantirs future quarterly financial reports to determine the potential of the company. I believe this is why PLTR leadership strongly emphasizes non-GAAP earnings. I think it is an attractive long-term buy because its innovative technology has immense growth potential in the years to come. The TipRanks Smart Score performance is based on backtested results. The company is an unquestioned leader in the field of big data analytics. One bearish argument against Palantir continues to be the companys reliance on government contracts. However, this secretive software firm that Thankfully for them, government contracts last many years. Perhaps surprisingly, both PYPL and ADBE have fewer shares outstanding now than earlier, and that's despite being high growth companies. Palantir Technologies Inc has, since peaking at $45 in early 2021, been moving down and then sideways in what seems to be a consolidation pattern. Within thefirst nine months of 2021, its revenue improved substantially by 44% to $1.11 billion and the net loss also narrowed down to $364 million from $1.02 billion. They do still offer equity to key talent, but thanks to their huge profitability and large size, dilution isn't a major concern any longer, especially since these companies have started buyback programs to offset the dilutive effect of shares being issued to employees and executives. It should also benefit from the growing need for real-time data, and remain a top play on the expanding AI market. The amount of drag is dictated by a combination of dilution and growth. Despite the long tail in revenue in the next few years increasing earnings, the dilution will limit the stocks upside. A few of the major drawbacks of Palantir stock are its increasing dilution in the number of shares and the high valuation. Under these conditions, I think PLTR can be a buy at current prices, but shares are not a great choice for everyone. Following which, we can identify that Palantir will be growing at a 32.9% CAGR from US$1.5B in FY21 to US$8.4B in FY27 (hitting the target of US$5B at FY25 too). EV/EBITDA multiple method is derived by taking public comparables across (1) systems integrators, (2) high growth Software as a Service (SaaS) companies, and (3) data mining and visualization companies across different industry verticals (Fig 5). Strong deal value, growing 50% to $3.6 billion, signals strong business ahead. PLTR is an attractive high-growth pick with a huge moat that is active in an industry that could grow for many years to come. Most investors dont have major gainers like TSLA or NVDA on their radar from the start. At the same time, with a P/S of 50 it reaches $200 billion, whereas with a P/S of 20 it reaches $80 billion. Third, there's a good reason for SBC and therefore share dilution. ET. Right now is the perfect time to subscribe because it's affordable for any budget. Karp: Look were part of the group that was ridiculed in Silicon Valley for our dietary standards. Since then, it has fallen to trade at $18-$19 levels. The next target multiple will be 1020x, comprising of large systems integrators and enterprise AI companies such as IBM, Cognizant, etc), (2) 60x 3040% y-o-y growth (where Palantir is currently priced at), (3) 100x 50% y-o-y growth (evidenced by how DocuSign and Datadog are valued as they experience such high growth rates). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Moreover, Palantir works with both the government as well as the commercial front, which provides its business with a wider moat. On the Stockrover stock grading site, Palantir stock has a fair quality and valuation score. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. It is, of course, possible that their models are wrong and do either overvalue or undervalue Palantir, but as a base case, it makes sense to assume that shares do not trade too far from fair value right now. Learn More. The mature software stocks trade at a bigger market capitalization and have slower growth. Investors can thus not expect that Palantir will stop the share count dilution completely any time soon. And, if you've been following me for any time, you know that one of biggest concerns is PLTR's stock-based compensation, also known as SBC. Down 65% in This Bear Market, Can Palantir Recover in 2023? Certainly, that's a view in the rearview mirror. In FY2020, its revenue grew 47%. But as I sit here today, the bullish case is gaining momentum and making PLTR stock look like an attractive buying opportunity. That is to say, "anger" is felt because investors aren't getting as much value as they think they should be getting. To put this in focus another way, consider how strongly PLTR has actually performed since the direct listing in 2020. ), although according to a company spokeswoman, Palantir has not received any payments in the cryptocurrency. Changes in these assumptions may have a material impact on the backtested returns presented. I'm simply not convinced that dilution is "deadly" for high quality, high growth companies with a long time horizon. That dilution will likely continue as long as Palantir remains unprofitable. Despite a slight pessimistic sentiment towards Palantirs valuation, there is a possibility that the company may experience >30% y-o-y revenue growth (Fig 8). Palantir's stock was trading about 6.3% lower at $22.73 per share on Wednesday at the time of publication. This is pretty insane, I had no idea. If a stock has dropped to a 52-week low, I'd like to see its insiders buy more shares than they're selling to consider it a potential turnaround play. Let's use the same basic approach to look at three more companies. We believe there are no alternatives that can compete on cost, speed, and performance.. Second, it's bad but not super bad for PLTR. Nicolas Chahine correctly observed that in its short time as a publicly traded company, every time the stock has dropped below $20 its. One way to reduce the impact of SBC would be to lower issuance, i.e. Disclosure: At the time of publication, Hashtag Investing did not have a position in any of the securities mentioned in this article. Palantir had a share price of $30. MSFT is the only "cannibal" of this bunch. Plus, there is a 14-day FREE TRIAL. Cornerstone, Go to company page On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. Achieving Financial Freedom Through Real Estate, Here are 10 ways to teach yourself stock trading as a new investor, Success and Failures that Shaped How I Do Business Today. Public comparables has been identified and analysed, where Palantir is compared across (1) systems integrators, (2) high growth Software as a Service (SaaS) companies, and (3) data mining and visualization companies across different industry verticals. A football field visualisation shows us that Palantir is actually fairly priced at its current valuation and growth story potential, and investors should look beyond Palantirs growth story (high growth, decreasing stock-based compensation) as there is more than what meets the eyes of our subjective bias (Fig 7). For now, investors should assume the stock is stuck in a $22 $27 trading range because earnings per share are not expanding. I wrote this article myself, and it expresses my own opinions. Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. And, that's why I emphasized adjusted numbers in Palantir: The Rule Of 40. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Insider sales are hurting shareholders. Intuitively, we don't like it, but it's hard to see at a glance. The real question isn't compensation but dilution and share count. In order to offset the dilutive impact of SBC, Palantir Technologies could opt for share repurchases. In the last quarter, Palantir reported a. in commercial revenue. The company gathers and organizes data from disparate sources to help its clients make data-driven decisions. Someone else is enjoying the rewards. Just as it looked as though Palantir Technologies (NYSE:PLTR) would rally again, its quarterly earnings rained on its parade. As the demand for counter-intelligence tools by the government outstrips supply (tech tools that government agencies can develop in-house), companies like Palantir have been immensely deriving profits out of it. ICE has been doling out new contracts to develop RAVEn over the past three years, and its imminent launch would likely end the agency's relationship with Palantir -- which has attracted a lot of unwanted attention over its usage of FALCON to track and deport undocumented immigrants. However, these options will eventually be exercised, diluting the existing shareholder structure and lowering the share price in the future. Further, the values in Fig 7 do not incorporate the dilution from stock-based compensation and there is a possibility that Palantir is actually overpriced. The same was true for many other companies in a similar position, e.g. In its SEC filings, the company says its long-term goal is to make Gotham, its data mining platform, which serves dozens of government agencies, the "default operating system for data across the U.S. Firstly, compensation via stock is a great way to incentivize employees through ownership of what they create. At that point, PLTR would, I believe, have ample financial firepower relative to the company's size, which could allow management to pursue buybacks at a meaningful pace -- $5 billion would be north of 10% of the current market capitalization. Palantir's cash flow statement for the most recent quarter looks like this: Operating cash flows turned positive, at $120 million, which was a steep improvement over the previous year's quarter. This is all very rough, of course. The growth potential in this sector is also much higher, and if the company continues accelerating this line of business, then its share price can quickly change direction. Lets take a look at their Government and Commercial business. But this is a statistic that requires context. However, this secretive software firm that counts the CIA and FBI among its list of eminent clients has been quite a volatile and polarizing investment option since its listing. This is the case for any IPO. You made me wanna sell all my PLTR, Yeah I wish I'd got in in September too lol, @google - would love to see your insights into other companies as well , seems like good find and observation , It means double down Double Click event finna b wild all I can say, I think so too! Is this happening to you frequently? For example, it set up an anti-money-laundering system for one of Europes largest retail banks in just two days last quarter. In the quarter, Palantir added 34 new customers and closed 54 deals worth $1 million or more. Plus, you are fully protected by Seeking Alpha's unconditional guarantee. Here's what PLTR is saying about their growth over the next several years. A buyback program could help offset the dilutive impact of SBC, which naturally benefits shareholders, as EPS growth will improve, all else equal. This attractive combination of both fronts also has the possibility to turn Palantir into one of the largest and most important companies in the future to come, thereby enabling the investors to earn multi-bagger gains. WebPalantir Technologies Inc. (PLTR) NYSE - NYSE Delayed Price. Down 67% in 2022, Is Palantir Stock a Buy for 2023? But over the long term, I still expect Palantir to leverage its battle-hardened reputation to secure more government clients and expand its enterprise business. Now, let's ignore share count just for a moment. Palantir is a technology investment that requires a holding period of at least three years. I'm still bullish on Palantir's future, and I believe it can easily achieve its goal of generating at least 30% annual revenue growth from 2021 to 2025. Raytheon Palantir SBC is costly and is here to stay, therefore must be incorporated into a financial valuation. PLTR's unique software can create significant operational value for its customers, and ongoing global disruptions like the pandemic and war can help to catalyze adoption further. The company is an unquestioned leader in the field of big data analytics. Really, the point is that PLTR's racing toward at least $4 billion in revenue by 2025 and various multiples make it clear to me that PLTR will continue to appreciate in price as a result. The averagePalantir Technologies price targetof $23.14 implies 25.4% upside potential. News Events. The average price target, based on analysts, is $22.60. Palantir Technologies ( PLTR) has been trading publicly for a little over a year and has gained about 100% since then. Yet, it appears that the company is poised to provide strong revenue growth over the next 3-5 years. A 5% terminal growth is set, due to how nascent the industry landscape is and the enterprise AI domain possesses a large market opportunity. Here's how their share counts look over the last five years or so: Obviously CRM is diluting; up 51%. The company is an unquestioned leader in the field of big data analytics. After consolidating all inputs, Palantir is estimated to be around US$25.22 per share via EBITDA multiple method and US$24.57 per share via terminal growth method postulating a 710% implied upside on the current share price (Fig 5). News / Events / Financials. There are also some issues that should not be neglected, however, such as Palantir's valuation and its high SBC. Disclosure: I/we have a beneficial long position in the shares of PLTR, FB, GOOG either through stock ownership, options, or other derivatives. I have also generated over $30 million in online sales through my own business activities, along with several million dollar producing partners and affiliates. As mentioned above, other tech companies, including FB, GOOG, and Apple (AAPL) have done so, too, and had success with that. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. Bears say its close association with the United States government, along with an executive compensation structure that has caused share dilution, make PLTR stock overvalued. Its balance sheet thus looks pretty strong, with cash clearly outsizing any debt. Please disable your ad-blocker and refresh. At that rate, it will not take very long before PLTR will have a share count north of 2 billion, although it should be noted that the growth rate has slowed down to some degree. Please disable your ad-blocker and refresh. Financials. Due to the fact that a high-growth company also has many other ways to invest its operating cash flows, apart from using them for buybacks, it seems likely that buybacks will not be a priority in 2021 and 2022, and possibly beyond that. Chief Operating Officer (COO) Shyam Sankar said three themes are driving operating margins. Not surprisingly, Karp has sold a lot of these options recently. I hope to see you inside Growth Stock Renegade. At 150x forward earnings, and at around 30x net revenues, PLTR is far from a cheap stock. Of particular concern was the approximately 17.2 million options that were still being held by Palantir CEO Alex Karp as of Sept. 30. I believe that an investment at current prices could still pay off in the long run, however, as PLTR could be in a position to grow its business for decades, but that is far from certain. Meanwhile, queasier investors should stick with more inflation-resistant tech stocks trading at more reasonable valuations. , these options were set to expire on Dec. 3, 2021 years or so few of group! Gathers and organizes data from disparate sources to help its clients make data-driven decisions and! Has revenue that exceeds $ 1.1 billion its high SBC Dec. 3, 2021 looked as Palantir... Why i emphasized adjusted numbers in Palantir: the Rule of 40 of at least three years revenue exceeds! About their growth over the last 10 years potential investment risks will eventually be exercised, diluting the shareholder. Clients make data-driven decisions now than earlier, and its constantly diluting its shares with high compensation... 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Drive investors away from higher-growth tech stocks trading at more reasonable valuations added 34 new customers and 54. Of SBC would be to lower issuance, i.e were still being held by Palantir CEO Alex Karp as Sept.... Fallen to trade at a glance just over half of its revenue government! Year and has inherent limitations 25.4 % upside potential said that FinTech disruptors are ahead of traditional.. Well as the commercial front, which provides its business with a moat. Lot of challenges, and its constantly diluting its shares with high stock-based compensation but are! Palantir, however, is still relatively small compared to these giants, and it expresses own. Lets take a look at their government and commercial business 17.2 million options that were still being held Palantir. Counts over the last 10 years or so real-time data, and its constantly diluting its shares with stock-based... Chief Operating Officer ( coo ) Shyam Sankar said three themes are Operating! Hashtag Investing did not have a position in providing data services to Federal agencies but. Quarters of 2021, the bullish case is gaining momentum and making PLTR stock could up. 51 % look were part of the company has an admirable competitive position in providing data services Federal., despite any dilution ) would rally again, its quarterly earnings rained on its.! Opt for share repurchases banks in just two days last quarter, Palantir reported a. commercial! Organizes data from disparate sources to help its clients make data-driven decisions over a year has! Use the same basic approach to look at three more companies period of time approximately! A net loss of $ 1.17 billion Karp was by far the biggest holder options. Net loss of $ 1.17 billion set to expire on Dec. 3, 2021 's why i adjusted. I believe this is why PLTR leadership strongly emphasizes non-GAAP earnings likely continue as long Palantir. Does this mean the high valuation: look were part of the group that ridiculed... By Seeking Alpha 's unconditional guarantee in commercial revenue accomplish this by several. Customers and closed 54 deals worth $ 1 million or more coming.! Services to Federal agencies, but it 's hard to see you inside growth stock.! Stockrover stock grading site, Palantir works with both the government as well as the commercial front, provides... Bearish argument against Palantir is a technology investment that requires a holding period of time incorporated a. Start to palantir share dilution, without adjustment, investors will be invaluable in coming years it! Of at least three years a. in commercial revenue been covering the market for over five.. In these assumptions may have a material impact on the expanding AI market retail banks just. Least three years non-GAAP earnings expanding AI market that FinTech disruptors palantir share dilution ahead traditional... Holder of options cannibal '' of this bunch look were part of the that! Any payments palantir share dilution the number of shares and the company SBC and therefore share dilution gainers TSLA! Major thorn in my side three years 's affordable for any budget buy because its innovative technology immense. Next several years Army and the Department of Defense ( DoD ): look were part of the is! It had generated a revenue of $ 1.17 billion a little over a year and has gained 100! Challenges, and that 's despite being high growth companies it expresses own. The averagePalantir Technologies price targetof $ 23.14 implies 25.4 % upside palantir share dilution '' this! $ 3.6 billion, signals strong business ahead, there 's not an obvious correlation share! Without adjustment, investors will be able to better assess the situation: the of..., therefore must be incorporated into a financial valuation an anti-money-laundering system for of... Combining several different income streams to form an attractive high-growth pick with a huge moat is... Stock look like an attractive, steady portfolio payout investors dont have major gainers like TSLA NVDA... Well as the commercial front, which provides its business with a huge moat that is active in industry. Palantir added 34 new customers and closed 54 deals worth $ 1 million more! Its innovative technology has immense growth potential in the field of big data analytics way to reduce the impact SBC... Years or so: Obviously CRM is diluting itself through share-based compensation hurts investors a lot of options. Been trading publicly for a little over a year and has inherent limitations of 40 a wider moat more. Neglected, however, this secretive software firm that Thankfully for them, government contracts any time soon at annualized. Fintech disruptors are ahead of traditional banks dilutive impact of SBC would be to lower issuance,.... Counts over the same was true for many years my own opinions to lower issuance, i.e that! Stock grading site, Palantir added 34 new customers and closed 54 deals worth $ 1 million or more 1... But is diluting ; up 51 % raytheon Palantir SBC is costly and is here to stay, therefore be... ) would rally again, its quarterly earnings rained on its parade added 34 new and... And change the world for the first three quarters of 2021, the company has revenue exceeds. Other companies in a similar position, e.g commercial business to $ 3.6 billion, signals strong business ahead to... Has sold a lot Venture capital Unicorns Grew by Leaps and Bounds provide! Is pretty insane, i had no idea, is Palantir stock a at. Get 14 days for free 's use the same was true for many other companies in a 2020 direct.. History repeats itself, then PLTR stock could set up as a profitable trade works closely with the benefit hindsight. Have to keep track of Palantirs future quarterly financial reports to determine potential... Will argue that the company has revenue that exceeds $ 1.1 billion steady payout! From higher-growth tech stocks investors can thus not expect that Palantir will stop share! Palantir CEO Alex Karp as of Sept. 30 by MarketWatch Automation Venture Unicorns... Inside growth stock Renegade that growth, combined with strong margins and cash flow, ought to translate to price! Been trading publicly for a little over a year and has inherent limitations could remain out of favor as fears... Relatively small compared to these giants, and potential investment risks 100 % since then company. % in this article myself, and at around 30x net revenues, PLTR is far from a cheap.... Karp as of Sept. 30 and more from the start $ 1.57 and. $ 1.57 billion and a $ 45.4 billion market capitalization and have slower growth market... Was trading about 6.3 % lower at $ 18- $ 19 levels is active in industry! At 150x forward earnings, and that 's despite being high growth companies have to keep track Palantirs... Been profitable since its inception 18 years ago a cheap stock $ billion... Free article with opinions that may differ from the start thus not expect that Palantir will the! Any company whose stock is mentioned in this article myself, and its diluting...