Palantir: I Was Wrong And Now I'm A Bull (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• My earlier 'Sell' view on Palantir was wrong. I should have placed more weight on the strong operational results in my assessment. Now I am bullish.
• Insider sales have dramatically decreased during the last 3 months, quelling some of my earlier concerns here.
• More importantly, PLTR shows signs of continued strong growth and margin expansion. The quality of growth is also improving, and there is more room for margins to sustainably grow.
• The market is pricing in two increments of rate cuts with an 85% probability in September's Fed meeting, which is another tailwind.
• The stock trades at a small premium relative to its historical averages; however, I believe this is warranted as there is a case for multiple expansions and the presence of earnings-led growth.

Read the full article here.