Another interesting article on PLTR. This one points out PLTR’s secret AI weapon: Ontology; which I have absolutely no idea what that is. So, I went and looked it up:
Ontology: on·tol·o·gy
- the branch of metaphysics dealing with the nature of being.
- A set of concepts and categories in a subject area or domain that shows their properties and the relations between them.
Huh…that sounds an awful lot like what Confluent does… anyway, here is the article:
Now…why this might be relevant or not, almost completely revolves around whether an investor is remotely interested in PLTR. I am so I pay a little attention to stuff like this. But that also means I have to put in the time to read the article - decide whether the author has any idea what he or she is talking about - and then make a decision in earnest about, even if true and relevant, what leverage this Ontology actually provides PLTR over and above other AI companies - IF; any at all.
Keeping in mind that the recent tech selloff has lightened PLTR’s market cap by dropping the price of entry from $28.81 to Friday’s closing price of $24.74. Thats a drop of just over 14%. So then the question becomes is that enough of a drop to entice an entry position?
What if PLTR - despite its rich valuation, and sort of negative vibe for its government work, really is - so far as AI; the 'Chosen One" so to speak - or something like that. What if it is a titan in the making?
The good news, is that this sell off may be far from over and investors may be provided excellent entry opportunities on a the whole kit and caboodle of AI Kings. And if so persuaded by PLTR might just have a shot at PLTR at some semblance of a sane price.
PLTR reports FQ2 tomorrow after the close.
This is what the market is thinking:
The market anticipates 63% EPS growth and an increase of 22% in revenue.
On a YTD basis, shares of this Denver-based software company have surged more than 50%. Meanwhile, the stock gets a Hold Rating from both Wall Street analysts and Seeking Alpha’s Quant Rating system.
In mid-July, there was a divergence in analyst opinions on Palantir. Wedbush Securities analyst Dan Ives reaffirmed his bullish stance, maintaining an Outperform Rating and a $35 price target. Ives even suggested a potential upside to $50 per share by 2025. Conversely, Mizuho analysts, led by Gregg Moskowitz, took a more cautious approach downgrading the stock from Neutral to Underperform.
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Consensus EPS Estimates: $0.08
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Consensus Revenue Estimates: $652.42M
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Earnings Insight: The stock has beaten revenue expectations in 7 of the past 8 quarters, missing EPS estimates in 3 of those reports.
Alrighty then!
All the Best,
BDH Investing
