Palantir is definitely the new talk of the town with all the hype surrounding it thanks to r/wallstreetbets and analysts rating and rerating the stock over and over again. Palantir has recently released its FY2020 results and it is very promising but, the stock price has since seen a huge dip from its all-time highs. This has definitely caused some anxiety to investors who invested. Let’s take a deep dive into what happened to Palantir and whether or not it is still a good buy.
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Fantastic Revenue Growth
Jumping right into the revenue segment, we can see fantastic growth year on year. The Q4 revenue grew 40% while the FY2020 revenue grew 47%. It’s also good to note that Palantir has crossed US$1B in revenue which is a pretty big achievement....