PLTR remains a buy but with reduced confidence; current valuation is fair (price ~$189 vs fair value $184), so upside is limited compared to lower entry points.

Palantir's revenue growth rate accelerated again in the last quarter. The company recorded its highest ever annual revenue growth rate of 93%. The stock price is experiencing a strong recovery after approaching US$100 per share earlier this year.

I bought Palantir shares at a price of about US$107 , and at that point I raised my recommendation to buy Palantir shares.

But do I still think Palantir shares are a good buying opportunity with their price approaching $200 per share? What drives Palantir's performance is its expansion into an enterprise customer base.

Palantir has always excelled at securing government contracts, but it has recently expanded into corporate roles, with its commercial revenue growth in the United States accelerating to 149% compared to the same period last year .

I saw in that the main opportunity that excited me when buying Palantir shares, given the existence of millions of companies compared to the relatively small number of governments and government institutions .

Therefore, these broader opportunities are what encouraged me to invest in Palantir. As it began to grow in the US consumer sector, Palantir noticed that it had improved its value proposition to its customers enough to justify increased investment by companies seeking to improve their performance by using its services.

Palantir management has stated that companies that attempt to directly use massive language models are wasting costs and time needlessly.

As for institutions that do not use Palantir, they are experiencing a huge increase in their token counters without any real value.

But I think what we don't disagree on, or what we don't have sufficient justification to disagree on , is the use of Palantir services. This provides significant value to companies that use Palantir's services.

I see evidence of this in Inter’s high customer retention rate, increased spending by its biggest customers, as well as an increase in the number of its customers, the return of existing customers, the backlog of orders, the growth in its volumes, and the increase in remaining performance commitments.

But the biggest challenge facing Palantir is offering its services at a price low enough to attract more corporate clients, while maintaining the company's long-term profitability.

In its US business operations, the company entered into contracts worth $2.1 billion, an increase of 271% compared to the same period last year . I found this interesting, as Palantir informs investors that it has field engineers physically deployed at the sites of its corporate or government clients to implement the technology and help them use it to improve products and services.

While others just have polished sales engineers , right? They are not engineers in the technical sense, but rather more like sales representatives who approach companies and try to sell them various applications , without providing real technical assistance in applying artificial intelligence to improve services.

But Palantir disagrees, saying: "These are not engineers in the true sense, they are primarily sales representatives ." It is also worth noting that Palantir's revenue growth, as previously mentioned at 90%, comes with very high profit margins .

The company announced its highest ever adjusted free cash flow of $1.22 billion, representing 63% of its cash flow from operations to sales. This is an exceptional figure, among the best of all the companies I follow, and it has achieved a growth rate of 115% compared to the same period last year .

So, don't spend a large amount of extra money on Palantir. Palantir does not offer incentives, promotions, or discounts to achieve these sales.

These are strong organic sales stemming from the value the company offers its customers. Organic demand in the market comes from the source, which is the value that Palantir adds to its clients' businesses.

Earlier this year, I had a great opportunity to invest in Palantir at a price of around $100. This was at a very attractive future price-to-earnings ratio, close to its lowest level in two years.

In 2025, the company's value rose to a future price-to-earnings ratio exceeding 120. At that time, the stock price was approaching $200, and sometimes even exceeding it. At that time, I was warning investors that the stock price was overpriced.

It was a great company, but I was waiting for its value to drop so I could seize a better investment opportunity. Fortunately, we got a better opportunity when Palantir's stock price dropped to around $100 per share.

The company's value has fallen to a future price-to- earnings ratio of around 60, which I consider very attractive for an excellent company like Palantir, which is experiencing rapid growth in revenue, sales and profits, with its competitive advantages and broad market opportunities.

However, at a futures price-to- earnings ratio of 80 , I feel less enthusiastic about Palantir than I did at a futures price-to- earnings ratio of 60. That's a 33% increase in valuation in just a few months. So, this somewhat dampened my enthusiasm.

In addition, I updated Palantir's discounted cash flow valuation model , and the stock appears to be fairly valued using this model. I calculated the fair value at 184. The current market price is 189, a difference of only 2.5%, which is within the margin of safety.

Therefore, I consider this assessment fair. As I mentioned, Palantir's stock has risen significantly from its lows of around $105 per share. It has now reached approximately $190 per share.

Therefore, I updated my latest Palantir review on September 3, reaffirming my buy recommendation with high confidence.

This assessment achieved excellent performance. This was one of my top stock picks in 2026. But as I mentioned, I am less enthusiastic and confident about Palantir at these levels.

So, in this video I will update my buy recommendation, but I am no longer entirely confident in this rating at these levels. Therefore, I will lower my confidence level to medium.

I think it's a great company, but I would be even more excited about it if it was a little cheaper .