Brutal price action on $PLTR, still #bullish and will keep accumulating but to play devils advocate, I would've thought that after whats going politically the govt side would've been supercharged. Thoughts?
I think $PLTR is a great business for sure. The systems they are building is incredible from Gotham to Foundry I think the company has an extremely long runway for growth. Also the company being free cash flow positive for the first time is fantastic.
But even now that it has fallen nearly 80% from its highs it trades at almost 10x sales. I think it still has a long way down even from here. I would love to be wrong and would also want to own the company one day but I don't think there is any realm where Palantir is undervalued right now.