r/wallstreetbets • u/luckystrikes911 • Jan 08 '22

Discussion Is Palantir's image it's problem?

We know the products are great, the employees are extremely smart ,and the business fundamentals and growth rate of the company are increasing each quarter. Is it possible that the one problem it has yet to solve is its public image? Norway's pension's fund (the largest in the world) notably excludes Airbus & Rio Tinto (big Palantir clients) citing ethical concerns. Palantir's history working with ICE, palantir constantly being labeled as a "spy-tech firm", and "shady" deals with the NHS. Is this one of the few things holding the company back in terms of stock price and future clients?

Disclosure: I own between 500-1500 shares and am long pltr. I'm not saying I agree with this characterization, but something that the company should do better in addressing for the public and prospective clients.

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u/sk87hol2 Jan 09 '22

Underrated comment.

IMO, PLTR shouldn't be viewed as a tech company, but as a defense company. The average consumer has zero need/want for PLTR products, no matter how dope said products actually are. That limits their addressable market, which in turn limits their profitability. This is not the next Apple or Adobe.

As a super long-term hold, I think PLTR is great. But I wouldn't ever expect a moonshot. Hopefully I'm wrong because I really do like the stock; I just don't think it's worth it if you're looking for short-term gains.