PLTR - February 16, 2021
PLTR reported earnings before market open, achieving 1.1B in revenue for 2020 (47% increase YoY). Q4 2020 revenue was $322 million, up 40% YoY and is forecasting a 45% YoY revenue growth for Q1 2021. PLTR demo day was especially impressive showcasing their Gotham and Foundry products and capabilities. Palantir has been securing government contracts and major companies over the course of the past few quarters and is reflecting this traction in their increasing top line. After earnings today, insiders and early investors now have the opportunity to sell shares as the lockup period has expired. We are watching this closely for dips from 30 to 25, down to 22 looking to scale in long term on these dips. PLTR will be a multi year long-term hold and winner.
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