Palantir: A Masterclass In Execution (Rating Upgrade)
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Bay Area Ideas3.54K FollowersFollow5ShareSavePlay(11min)CommentsSummaryContinued improvement in the Rule of 40 score shows that Palantir is among the best run businesses in the world.Q3 results show that growth is accelerating, demand is robust, and profitability was also highly impressive.With Q4 guidance showing continued strength, the elevated valuation may actually be justified. They're priced for perfection but they are delivering.Near term risk to stock performance include bubble worries but fundamentals show long term outlook is robust. allanswart/iStock via Getty Images I first downgraded Palantir Technologies Inc. (NASDAQ:PLTR) to sell back in late May as I believed that I found signs of euphoria in the stock. In late August, I reiterated that sell rating as the valuation remained extremelyThis article was written byBay Area Ideas3.54K FollowersFollowI'm a full-time investor with a strong focus on the tech sector. I graduated with a Bachelor of Commerce Degree with Distinction, major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Honor Society. My core values are: Excellence, Integrity, Transparency, & Respect. I always, to the best of my ability, hold true to these values which I believe are key for long-term success. I would like to invite all of my readers to leave their constructive criticism and feedback in the comments section so that I can further enhance the quality of my work moving forward. Thank you and God Bless America!Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You