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Stock impact report

Palantir: Buybacks And Billings Acceleration Power Upside Potential [Seeking Alpha]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Seeking Alpha
Its board recently approved a $1 billion buyback. Commercial revenue growth in the US started to outstrip government revenue growth, showcasing Palantir's potential in the enterprise space. The company also remains committed to GAAP profitability, which will assuage investors in a more risk-averse market. Palantir also enjoys an ironclad balance sheet with $3 billion in net cash, enabling buybacks and potential acquisitions. Even amid recent market volatility, 2023 has so far been quite kind of mid-cap growth stocks, including and especially companies that are part of the AI trend. Palantir ( NYSE: PLTR ), one of the core enterprise software companies leveraging AI and machine learning technology, got a long-needed respite this year after falling sharply in 2022. Year to date, Palantir's stock is up more than 2x, but in my view, this isn't just AI hype alone. On top of resetting valuation from last year's bargain-basement levels, Palantir has also achieved significant fundam Show less Read more
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