Palantir: Why Taking Profits Makes Sense Now
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Palantir has experienced significant growth in its customer base, with a 71% increase from December 2022 to September 2024, reaching 629 customers. The company has seen a 91.5% surge in commercial customer growth, reducing its reliance on government contracts. U.S. commercial customers grew by 124.5%, indicating successful domestic market expansion.
November 08, 2024 | 11:15 pm
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Palantir's customer base has grown significantly, with a 71% increase overall and a 91.5% surge in commercial customers, reducing reliance on government contracts. U.S. commercial growth was 124.5%, indicating strong domestic expansion.
The significant growth in Palantir's customer base, especially in the commercial sector, suggests a positive outlook for the company's revenue streams. The reduction in reliance on government contracts and strong domestic market expansion are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100