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# Palantir: Not A Clear Alpha Play Anymore (Archive)
- URL: https://www.huntingalphas.com/palantir-not-a-clear-alpha-play-anymore-archive-copy/
- Published: 2023-12-26T14:00:00.000Z
- Updated: 2026-02-27T05:35:53.000Z
- Description: Earlier alpha captured; now reduced visibility, fading catalysts, and fair valuations justify holding.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, PLTR, Tech

*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 bullish thesis on Palantir has generated alpha but now I struggle to find a clear bullish thesis:
- A fall in RPO numbers increases top-line risk as revenue visibility is reduced.
- The S&P 500 inclusion catalyst is likely priced in as Palantir now meets all the criteria for inclusion into the index.
- H2 FY23 net insider selling activity has picked up in H2 FY23, signaling caution for the bulls.
- Valuations do not offer a sufficient discount as Palantir is trading marginally at a premium to its longer term 1-yr fwd P/E multiple.

Read the full article [here](https://seekingalpha.com/article/4659648-palantir-not-a-clear-alpha-play-anymore?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*