Palantir: The U.S. Commercial Business Is About To Take The Lead

Geneva Investor 3.66K Followers Follow Summary Palantir's US commercial business ended Q2 within ~$45 Million of overtaking US government revenue, a crossover I expect to happen in the quarter currently running. US commercial revenue is set to surpass US government revenue imminently, reducing political risk and shifting the valuation narrative. Shorter, higher-value contracts and 85% YoY growth in revenue per customer signal a transition from procurement to payback-driven adoption. I reiterate my Buy rating and $250 price target, as every key metric moved positively while the stock trades ~25% below January highs. SlavkoSereda/iStock via Getty Images Palantir Technologies Inc. ( PLTR ) reported the best quarter in its history yesterday evening. Revenue grew 93% YoY to ~$1.94 Billion, adjusted EPS came in at $0.41 against a consensus closer to $0.35, and management raised full year revenue This article was written by Geneva Investor 3.66K Followers Follow I write about Macro and fundamentals, with the (painful) awareness momentum and sentiment are what really matters. That’s why I never try to time the market and I only buy stocks if I am willing to hold them for at least 10 years. When it comes to fundamentals, everybody knows the market is forward looking, but few understand what that means. I don’t look at a P/E number and decide to buy if a stock is “cheap”. I see the market as literally just the meeting point between demand and supply and I always try to understand what it sees in a stock beyond the numbers. This often implies trying to understand sectors, industries and long term growth trends. My approach requires ingenuity, curiosity and a good dose of naivete, as well as being comfortable with (sometimes) going against the current.I am based in Geneva, Switzerland (hence my SA name). Friend "Rex Investing" is also a contributor to Seeking Alpha. All opinions and analysis are exclusively my own.You can follow me on Twitter @ x.com/GenevaInvestor. I am also on medium.com/@genevainvestor. Analyst’s Disclosure: I/we have a beneficial long position in the shares of PLTR, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.