Hey everyone, it’s your favorite financial guru back with some exciting news about two hot software companies, Palantir Technologies Inc. (PLTR) and Datadog, Inc. (NASDAQ:DDOG)! These guys are providing cutting-edge services to both commercial and governmental organizations, and the competition is fierce. Now, let’s talk numbers. DDOG has been crushing it lately, quadrupling their customer count since 2017 to a whopping 22,000! PLTR, on the other hand, might have fewer customers, but they’re big-time players like the CIA, FBI, US Army, and the US Navy, bringing in 70% of their revenue in 2022. So, while PLTR’s average revenue per customer might be higher, DDOG’s potential customer base is much larger. And check this out: over the past three years, DDOG’s revenue has grown by a staggering 300%, while PLTR has only grown by 135%. That’s a pretty big difference, and some analysts are concerned about PLTR’s relative lack of growth compared to their peers. But hold on to your hats, because there’s still hope for Palantir investors. Despite some management concerns and communication issues, Palantir just won a $100M deal with the US State Department to modernize their data management systems. Plus, even though their top-line growth rate might be at risk, Palantir has been super disciplined with expenses and has managed to generate a profit during tough economic times. And with a fast-growing commercial business, there’s still plenty of potential for long-term growth. So, what’s the verdict? Datadog is a BUY, and Palantir is a HOLD. But if you’re already a Palantir shareholder, now is a great time to lower your cost basis. And for long-term investors, Palantir’s current valuation is too good to pass up. So, don’t miss out on the bullish outlook for this exciting software company!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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