Palantir's Weakness Is A Chance To Buy Our Top Tech Pick (Rating Upgrade)
Portfolio Pulse from
Palantir has been upgraded to a BUY rating due to its strong 2024 results, including 38% YoY revenue growth and $1.25 billion adjusted FCF. The company's commercial revenue surged by 54%, reducing reliance on government contracts and driving future growth.
February 27, 2025 | 10:30 am
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Palantir has been upgraded to a BUY rating due to its impressive 2024 performance, including significant revenue growth and strong free cash flow. The company's commercial revenue growth reduces its dependency on government contracts, indicating a positive outlook.
The upgrade to a BUY rating is based on Palantir's strong financial performance in 2024, including a 38% increase in revenue and a $1.25 billion adjusted free cash flow. The significant growth in commercial revenue by 54% suggests a successful diversification from government contracts, which is a positive indicator for future growth and stability. This news is likely to positively impact Palantir's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100