Where Will Palantir Be in 5 Years?
Palantir (NYSE: PLTR) is a divisive stock. The bulls believe the data mining firm will continue to expand across the government and commercial sectors, while the bears believe it's too dependent on government contracts, its commercial business faces too many competitors, and its stock is too expensive. Palantir's volatility reflects that battle. It went public via a direct listing last September, started trading at $10 per share, surged to an all-time high of $45 in late January, and now trades in the mid $20s.
However, Palantir recently posted a strong second-quarter report and reiterated its guidance for annual revenue growth of more than 30% from 2021 to 2025. That rosy forecast suggests Palantir's revenue could rise from $1.1 billion in fiscal 2020 to over $4 billion in fiscal 2025. Let's see how Palantir intends to maintain that robust growth rate, and where its stock might be headed over the next five years.
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Source Fool.com
