Bullish on Palantir stock?
Looks like it's a direct listing for $7.25 per share. Seems reasonable? Revenue looks good, what's with these losses?
Will crash. Everyone thought they were super profitable and turns out that in over 10 years they have 100 customers and hundreds of millions in losses.
They are essentially a tech consultancy with a portfolio of analysis products. All consultancies have very few clients. They focus on the top clients and ensure they return. Like Bill Bain (founder of Bain & Co) said: “I don’t know why everyone wants new clients, keep the same ones and make them come back”.
Ps. Have you prayed today?
No, don’t expect anything close to Snowflake. No one out side of federal projects know them.
Can you even buy at $7.25? How does that work?
What does Palantir do? Someone tell me what’s happening behind the scenes
As I understand it, one of the major selling points is that they take in data that an organization has and present it in some sort of navigatable and/or meaningful way using some sort of client-facing dashboard(s). (Could be off, would love to hear people from Palantir say more!)
Its currently trading for $9.50 on fidelity
I think that is pretty cheap and says a lot about how the stock will do in the long term. However, there are those stocks that start off really cheap and boom. I’m not super well versed on Palantir as a company but I wouldn’t invest in it personally.
What do you mean by cheap? Is 22bn ipo valuation considered cheap? Also, why wouldn’t you invest in it?
I'm concerned with their losses. They have been in business for 17 years and ~50% of their revenue is from government contracts. They shouldn't be losing that much money.
Yea it would be wise to wait for atleast 2-3 earnings report to jump in... Also if the administration changes I am not sure how cozy Thiel is with Dems. There is a risk of contracts getting revoked which will impact bulk of their revenue stream.
Believe it or not, I worked on a system that shares a lot of similarities to what Palantir builds for governments, etc. at Deloitte. I used to think what they do was kinda special, but I'm pretty sure it's really not. Would love to chat with actual Deployment Strategists and SWEs to see how similar or dissimilar our products are. (To people who want to flame Uncle D, yes I know it's not a tech company but there are a lot of different projects here. Yes, some are technical).
When you say revenue looks good, what metrics are you looking at?
I don’t want blood on my hands. Maybe I could get myself to buy Facebook stock but no way in the world will I buy Palantir.
Okay, personal opinions aside. More asking about the business. I've seen some people on here indicate that its a shit show internally.
It cannot be good if a tech company CEO has to claim patriotism as USP.