Competition RisksThe biggest risk to Palantir’s stock performance is future incremental competition from OpenAI, Anthropic, and other LLM providers.
International ChallengesInternational Commercial revenue was again the weak area, where it declined 2% YoY with PLTR noting a more targeted approach.
Valuation ConcernsPLTR carries a rich valuation premium and remains a high-risk investment, but it also has a one-of-a-kind growth+margin model that if proven durable could grow into a $24B run-rate via share gains across two $1+ trillion TAMs.