ATLAS
PLTR

Palantir Technologies

Overextended Momentum Trade
AI infrastructure software·US·Denver, CO·#4 / 19 in segment·3.9% of segment mcap
$137.15
-13.4% vs S&P 12m

Ontology-driven enterprise AI platform with deep government anchor and accelerating commercial AIP traction.

Owns the 'connect AI to messy enterprise data' wedge; growth and margins inflecting but valuation now extreme.

Products
  • Foundry
  • Gotham
  • AIP
Customers (3)
  • US gov
  • Allied defense
  • Large enterprises
Competitors (3)
  • IBM
  • Booz Allen
  • Hyperscalers

Composite score

Higher = stronger overall research case

64
Fundamental86
Technical34
Valuation36
AI relevance85
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 100

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -6.6%6M RS: -31.3%12M RS: -13.4%Vol30d: 51%DD52w: -33.8%

Financial summary

Curated, illustrative

Revenue
$5.22B
Growth (YoY)
84.7%
Gross margin
84.1%
Operating margin
46.2%
FCF
$1.75B
Capex
$970.38M
Net cash / (debt)
$7.81B
ROIC
14.7%
Customer conc.
Medium

Valuation

Market cap
$328.79B
Enterprise value
$320.98B
P/E (TTM)
154.1x
Forward P/E
66.1x
EV / Sales
61.4x
EV / EBITDA
159.0x
P / FCF
187.6x
PEG
1.9x
Rule of 40
70.0%

Risks

Severity 1 (low) to 5 (severe)

  • 5
    Extreme valuation
  • 3
    Government contract concentration

Score components

What drove the composite

Growth100
Profitability97
Cash generation94
Balance sheet99
Moat / AI relevance88
Capital intensity (higher = lighter)39
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)5
Momentum (3/6/12m)40
Relative strength64
Realized vol (higher = lower vol)41