Meet KevinANALYSTAug 5, 2026“PLTR's accelerating commercial growth and 150% NDR justify the premium valuation, with margin-trading froth and Claude competition as the main risks.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
Commercial is growing at 110%. While last year it was growing at 103%. Which means there's been a 7 percentage point acceleration in growth.
in 2026 so far, they're sitting about 150%. So, this is an insane jump. And this is probably the most prominent W uh here from Palanteer.
Palunteer doesn't pick up the phone for their customers, like new potential customers, unless those customers have the potential of generating or spending like 600 grand on the platform every single month.
Risk
Part of me almost thinks a little overdone that people have taken on a little bit too much margin trading back into this market
While that is a risk over at Claude and it's understandable Karp is fighting it because if Claude does that it is a risk to Palunteer.
The structured call
The receipt
Publish-day price $$162.66 · the claim is anchored to the moment it was said.
