Should You Buy Palantir Before Dec. 23?

Core Insights - Palantir Technologies has achieved significant milestones in 2023, including joining the S&P 500 index and generating its largest profit ever, with a remarkable 340% annual stock gain, making it the best-performing stock in the S&P 500 for the year [1][11] Group 1: Company Performance - The company launched its Artificial Intelligence Platform (AIP) a year ago, leading to increased demand from both government and commercial customers [2] - Palantir's U.S. commercial customer revenue rose by 54% in the most recent quarter, showcasing strong growth in this segment [5] - The number of U.S. commercial customers has surged from 14 four years ago to nearly 300 today, indicating robust demand for its services [5] Group 2: Government and Commercial Growth - U.S. government revenue also saw a 40% increase in the latest quarter, demonstrating that traditional revenue sources continue to grow alongside commercial customer expansion [6] - More than 100 deals valued over $1 million were closed in the recent quarter, reflecting significant customer investment in Palantir's offerings [7] Group 3: Market Position and Valuation - Palantir is set to join the Nasdaq 100 on December 23, which may lead to increased buying from funds that track the index, although this is not expected to cause a dramatic stock price increase [8] - The company's forward PEG ratio is 0.6, suggesting that despite a high valuation of 200 times forward earnings estimates, it may still be a solid buy for growth-focused investors [10]