These Are the Major Potential Risks Facing Palantir Technologies Right Now
Data analytics company Palantir Technologies (NYSE: PLTR) has been publicly traded for a little over a year. Since that time, shares have risen by about 100%.
The secretive software firm, which numbers the CIA and FBI among its list of clients, has intrigued many investors. In recent years, the company has increasingly focused on growing its client base outside of its lucrative government contracts. In the third quarter, Palantir reported that its total revenue was up 36% from the year-ago period, while its commercial customer count surged 46% year over year. In addition, U.S. commercial revenue, which indicates revenue from non-government clients, popped 103% year over year.
All of this bodes well for Palantir's future business growth. But what are the risks that potential investors need to be aware of before taking the plunge? In this clip from Backstage Pass, recorded on Nov. 1, Motley Fool contributor Danny Vena delves into the company's risks and long-term potential.
Source Fool.com
