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Palantir’s Latest Contract Means It’s Time To Pay Attention…

Updated: 5 Jan 2022
  • As Palantir moves away from government contracts, will revenue patterns change?
  • Partnership with Hyundai Heavy Industries marks further involvement in commercial space
  • Investors might want to start paying attention…

Palantir (NYSE: PLTR) has been subject to a lot of criticism, speculation and was even the victim of a Reddit short squeeze at the start of 2021. The big data analytics company has come under fire from armies of analysts and retail traders alike; who rightly so, saw the company’s heavy reliance on government contracts as a bit of a red flag. 

There have been times where more than 50% of Palantir’s revenue was directly aligned with government contracts; a treacherous position to find yourself in should these contracts end for one reason or another. Recently, however, sparks in the companies growth acumen have come from a steady exposure into the commercial realm – the sector where Palantir can really come into full force. 

Today’s news might just beckon buyers back to the sideways stock; as the company enters a partnership with big-data heavy hitter out of South Korea, Hyundai Heavy Industries Group. Utilizing Palantir’s technology for shipbuilding, offshore engineering and other industrial processes, Palantir’s latest partnership signals a further move into the commercial enterprise; a realm where shareholders will benefit the most from. 

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Boosting commercial business domestically and outside of the U.S is a fundamental premise of Palantir’s new growth model. Whilst government contracts still support gaps in commercial revenue, Palantir is actively looking to expand commercially. The stock has long been impressive on paper, but this move could well be the start of a new chapter.

 

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