Palantir will not do well in this style market. Let's be frank, it did not do well at the end of the bull market since it IPOd. Chalked up to a classic misunderstood public company - politically, it's got a CEO and creator on opposite ends of the political spectrum, something this country cannot understand - yet something to behold for those that want a strengthened, bipartisan democracy. Folks are unclear where it derives it's revenue from - is it reliant solely on government? If so, were told it's not enough, and commercial revenue is not growing fast enough in case they do loose government contracts. Is it reliant on commercial contracts? If so, were told it's not growing fast enough, and the steady government contracts won't sustain their growth.
Palantir can't seemingly do anything right according to wallstreet, yet they've grown over 35% YoY?
if you're like me, and you've done your due diligence for this company - you understand it's ability to obtain and retain clients for it's well designed, efficient and capable bespoke software. With your strong conviction, you feel smething's not right.
If you're like me you can also see the writing is on the wall for companies like Palantir, that are so misunderstood. That they can't possibly thrive in any market (without hype - as we saw in it's early IPO stages thanks to Cathy Wood). That unless, on paper, they can show without a reasonable doubt, that money talks. And by then it would have been too late for most people to invest and make a reasonable return.
I see further sideways or downward movement as we continue to travel down our bear channel.
To me I just see more opportunities for leap contracts and going long.
Please share your thoughts on this company.
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