Palantir Aims for $1 Trillion Value by 2035 Through Rapid Growth
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Palantir currently has a market cap of $51.6 billion. To reach $1 trillion by 2035, it would need to grow at a 32% compound annual growth rate (CAGR).
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Palantir builds software platforms that help customers analyze their data and realize efficiencies. This is a growing need as organizations generate more data.
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Palantir's software has helped customers like the UK's National Health Service decrease waiting lists and increase operating room utilization. Its products seem to deliver tangible results.
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In its most recent quarter, Palantir grew commercial revenue by 32% year-over-year. Its commercial customer count grew 55%. Maintaining growth rates like these could support a path to $1 trillion.
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Hitting $1 trillion by 2035 is an extremely high bar that would require explosive and likely unrealistic growth. But Palantir remains a promising long-term investment.