In this video I will talk Palantir (NYSE: PLTR) again and explain why it should be in everyone’s long-term portfolio. Palantir is busy ‘predicting future results’ whether it is for governments or corporate enterprises.
Palantir offers a number of services such as Gotham (for governments), Foundry (for business clients) and Apollo, a continuous delivery system managed and deployed by Palantir Gotham and Foundry. Obtaining government contracts is an excellent way to secure long-term income and allow the business to expand into other areas it wants to expand. Palantir recently announced that it has partnered Amazon (NASDAQ: AMZN) Web services.
The company had a pretty good year with 47% YoY revenue growth for the full year 2020 and expects growth to be greater than 30% by 2021. Data is slowly becoming the most valuable commodity on the planet and Palantir is exactly where it needs to be is. be to benefit from it. The collection and analysis of data will not slow down in the coming years, but will only accelerate. And that’s why Palantir is going to win and win big.
This article represents the opinion of the author, who may not be in agreement with the ‘official’ recommendation position of a Motley Fool premium advisory service. We are furry! When we question an investment thesis – even one of our own – it helps us all to think critically about investing and to make decisions that help us become smarter, happier and richer.