DrBurton
Nov 4, 6:09 PM
$PLTR |
$180 →
$190 →
$200. THE MARKET IS SELLING THE MULTIPLE. THE BUSINESS IS EXPANDING THE OPPORTUNITY.
NOVEMBER 4. PAY ATTENTION TO WHAT WALL STREET IS REPRICING.
BARCLAYS:
$273 TARGET.
BANK OF AMERICA:
$255 TARGET.
Meanwhile, Palantir just delivered:
$2.31 BILLION quarterly revenue.
96% REVENUE GROWTH.
148% U.S. COMMERCIAL GROWTH.
165% NET DOLLAR RETENTION.
$1.22 BILLION ADJUSTED FREE CASH FLOW.
THE REAL STORY ISN'T THE EARNINGS BEAT.
It's that U.S. commercial revenue has overtaken U.S. government revenue for the FIRST TIME.
Palantir is demonstrating a second powerful growth engine beyond federal contracts.
And here's what deserves more attention:
165% net dollar retention means existing customer relationships are generating substantially more revenue than a year earlier.
That's not merely customer acquisition. That's expansion inside the installed base.
The market is debating how much to pay for growth. The company is demonstrating how much more demand can capture.
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