Palantir (PLTR, Financial) may slide toward $60 as DA Davidson's Gil Luria warns its lofty valuation rarely endures.
Luria points out that Palantir trades at roughly 80 times expected 2025 revenue—an “irrational” multiple that could buckle under a weak quarter, tougher competition or federal spending cuts. In Q1, the company posted a 5% decline in international commercial revenue and relies on large U.S. deals—like a $30 million ICE contract and a $178 million Army award—to sustain growth.
Despite robust profitability and rapid expansion, Luria argues that high-flying software names face sharp pullbacks once market sentiment shifts. He cautions that Palantir's visibility into U.S. defense budgets and its ties to controversial agencies may further deter European clients, where AI investment remains conservative.
Why It Matters: Investors should weigh Potential catalysts against the risk of valuation contraction as competition intensifies and government spending faces scrutiny.
Investors will parse Palantir's next earnings update—due in August—for signs of international demand stabilization and federal budget clarity.
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