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Palantir Technologies Inc Ordinary Shares - Class A PLTR

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Stock XNYS Rating as of
$19.08 −0.12 (0.63%)
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As of Delayed Price Pre-Open: $19.01 −0.06
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Company Report

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Palantir Earnings: U.S. Commercial Strength and Margin Expansion Mark a Robust Quarter for Palantir

Malik Ahmed Khan

We are raising our fair value estimate for narrow-moat Palantir to $13 from $11 after the firm reported a strong quarter with profitability well ahead of our prior estimates. Commercial deals and sales led the way as interest in Palantir’s AI solutions continues to provide an uplift to the firm. As more customer dollars are dedicated to spending on AI, we believe Palantir, a leader in the AI platform space, stands to benefit. As a result, we are optimistic about Palantir’s opportunities going forward, especially as AI-related spending is only projected to grow. At the same time, however, we remain unable to rationalize Palantir’s market valuation. With shares up sharply after the earnings report, we continue to view them as overvalued even after our fair value increase.

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Price vs Fair Value

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PLTR is trading at a 47% premium.
Price
$19.08
Fair Value
$34.00
Uncertainty
Very High
1-Star Price
$95.73
5-Star Price
$2.50
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Palantir has strong secular tailwinds behind its back as the AI/ML market is expected to grow rapidly due to the exponential increase in data harvested by organizations.

Bears

By not selling to countries/companies that are antithetical to Palantir’s mission and cultural values, the firm has self-restricted its growth opportunities.

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Trading Information

Previous Close Price
$19.20
Day Range
$18.62–19.50
52-Week Range
$5.84–21.85
Bid/Ask
$19.00 / $19.01
Market Cap
$41.52 Bil
Volume/Avg
402,418 / 59.1 Mil

Key Statistics

Price/Earnings (Normalized)
96.62
Price/Sales
20.05
Dividend Yield
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients’ organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Mid Growth
Total Number of Employees
3,810
Website
https://www.palantir.com

Competitors

Valuation

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Metric
PLTR
OKTA
ZS
Price/Earnings (Normalized)
 96.6287.42107.81
Price/Book Value
 13.012.0438.95
Price/Sales
 20.055.4717.20
Price/Cash Flow
 66.6641.0464.13
Price/Earnings
PLTR
OKTA
ZS

Financial Strength

Metric
PLTR
OKTA
ZS
Quick Ratio
 5.391.711.75
Current Ratio
 5.531.841.88
Interest Coverage
 14.46−60.02−36.15
Quick Ratio
PLTR
OKTA
ZS

Profitability

Metric
PLTR
OKTA
ZS
Return on Assets (Normalized)
 12.82%1.61%8.93%
Return on Equity (Normalized)
 17.28%2.64%48.43%
Return on Invested Capital (Normalized)
 12.69%1.49%13.37%
Return on Assets
PLTR
OKTA
ZS

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