Palantir Technologies Inc. (NASDAQ: PLTR) is being mislabeled as a fancy defense contractor by the Bears; instead, it is a growth story for the next bull run that is starting to gain critical mass in selling software solutions for the data-driven world, after more than a decade of development.
We are Bullish on the name, own it in our portfolio and the stock was part of the recent weekly list of top ideas. The long-term thesis boils down to few key points, the company is a leader and one of the pure-plays on advanced data analytics software. Data is growing, data is getting complex, and the need for data intelligence is ubiquitous, among large enterprises today and medium-small enterprises down the road.
But the muted response to the stock so far suggests the enthusiasm hasn’t caught on yet. Yes, 25% higher than the reference price may be muted given the