Up 40% Since May, Is Palantir Still a Buy?

In this video I will be talking about Palantir (NYSE: PLTR) and why I still believe it's a must-have for long-term investors. Yes, you will be paying a premium, but I believe it's a premium worth paying. New contracts are announced frequently, Foundry is starting to gain some traction, and the private market is still untapped.

In Q1 2021, revenue grew 49% year over year, which helped to push adjusted operating income from last year's $16 million loss to a $117 million gain. Palantir posted $151 million in free cash flow in Q1, up $441 million year over year and representing a 44% margin. It's expected to be profitable this year for the first time.

Management predicts annual revenue growth of 30% or greater for 2021 through 2025, and with Foundry just getting started and the private market still untapped, that looks achievable.

Source Fool.com