<p><strong>Palantir Technologies</strong>(PLTR -2.46%) 的股价今年迄今已上涨 110%，而 <strong>Amazon</strong>(AMZN -8.09%) 的股价仅上涨 7%。但大多数华尔街分析师对前者持悲观态度，对后者持乐观态度：</p>
<ul>
<li>在 29 位分析师中，Palantir 的 12 个月目标价中位数为每股 111 美元。这意味着其当前股价 158 美元还有 30% 的下行空间。</li>
<li>在 71 位分析师中，Amazon 的 12 个月目标价中位数为每股 252 美元。这意味着其当前股价 219 美元还有 15% 的上行空间。</li>
</ul>
<p>华尔街的预测表明，投资者应该卖出 Palantir，买入 Amazon。继续阅读以了解每家公司的相关事实。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc2NzUvYnVsbC1hbmQtYmVhci0wLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc2NzUvYnVsbC1hbmQtYmVhci0wLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>Palantir Technologies</h2>
<p>Palantir 报告了强劲的第一季度财务业绩。客户数量增长了 39%，达到 769 个，现有客户的平均支出增长了 24%，这是净收入留存率连续第六次增长。反过来，收入增长了 39%，达到 8.84 亿美元，这是连续第七次加速，非公认会计原则（GAAP）每股摊薄收益跃升 62%，达到 0.13 美元。</p>
<p>首席执行官 Ryan Taylor 将强劲的业绩归因于 “对 AIP 的持续需求”，这是 2023 年推出的人工智能平台。管理层还提高了全年指导，假设这种势头将持续，预计到 2025 年收入将增长 36%。但投资者有充分理由认为公司在未来几个季度将继续快速增长。</p>
<p>国际数据公司（IDC）最近将 Palantir 评为决策智能平台的市场领导者。<strong>Forrester Research</strong> 也将该公司认定为人工智能和机器学习平台的领导者。这些荣誉暗示着未来销售的强劲增长。Grand View Research 表示，分析软件销售预计到 2030 年将以 29% 的年增长率增长，而 IDC 则表示，人工智能平台销售预计到 2028 年将以 41% 的年增长率增长。</p>
<p>然而，尽管 Palantir 的业务显然运转良好，但其股票的估值却高得离谱，达到销售额的 127 倍。这使得 Palantir 成为 <strong>S&amp;P 500</strong>(^GSPC -1.60%) 中最昂贵的股票，远远超过其他公司。紧随其后的是 <strong>Texas Land Pacific</strong>，其销售额为 31 倍。这意味着即使 Palantir 的股价下跌 75%，它仍将是 S&amp;P 500 中最昂贵的股票。</p>
<p>Palantir 在数据分析和人工智能平台方面脱颖而出，预计这两个市场在未来几年将快速增长。但该股票的估值如此之高，以至于风险回报比严重倾斜向下。潜在投资者应等待更好的入场时机，而持有大量股份的股东应考虑减持。</p>
<h2>Amazon</h2>
<p>Amazon 报告了出色的第二季度财务业绩，超出了收入和利润的预期。收入增长了 13%，达到 1680 亿美元，较上个季度加速，主要得益于广告和云计算部门的强劲增长。运营利润率扩大了 150 个基点，GAAP 每股摊薄收益增长了 62%，达到 1.59 美元。</p>
<p>Amazon 的投资论点非常简单。该公司运营着中国以外最大的在线市场，是全球第三大广告技术公司，Amazon Web Services (AWS) 是按基础设施和平台服务收入计算的最大公共云。这三个市场预计到 2030 年将以超过 10% 的年增长率增长。</p>
<p>因此，华尔街预计 Amazon 的收益将在未来三年内以 18% 的年增长率增长。这个合理的预测使得当前 33 倍的市盈率看起来是合理的。尤其是因为 Amazon 在过去四个季度平均超出了共识收益预期 23%，这表明分析师可能低估了未来的增长。</p>
<p>Amazon 在三个大型且快速增长的市场中占据强大地位，并在机器人和自动驾驶技术方面有新兴机会。由于该股票的估值合理，长期投资者今天应该感到放心，可以购买一些股份。</p>

亚马逊

PLTR

<p>Palantir Technologies 的股票今年上涨了 110%，但分析师预测将下跌 30%，建议卖出。相比之下，亚马逊的股票仅上涨了 7%，预计有 15% 的上涨空间。Palantir 第一季度的强劲业绩显示收入增长了 39%，但其估值极高，达到销售额的 127 倍。亚马逊第二季度的业绩超出预期，收入增长了 13%，估值合理，为盈利的 33 倍。分析师建议购买亚马逊，因为其在关键市场的增长潜力</p>

<p>Shares of <strong>Palantir Technologies</strong>(PLTR -2.46%) have advanced 110% year to date, while shares of <strong>Amazon</strong>(AMZN -8.09%) have increased just 7%. But most Wall Street analysts are bearish on the former and bullish on the latter:</p>
<div class="lb-trans"><p><strong>Palantir Technologies</strong>(PLTR -2.46%) 的股价今年迄今已上涨 110%，而 <strong>Amazon</strong>(AMZN -8.09%) 的股价仅上涨 7%。但大多数华尔街分析师对前者持悲观态度，对后者持乐观态度：</p>
</div><ul>
<li>Among 29 analysts, Palantir has a median 12-month target price of $111 per share. That implies 30% downside from its current share price of $158.</li>
<li>Among 71 analysts, Amazon has a median 12-month target price of $252 per share. That implies 15% upside from its current share price of $219.</li>
</ul>
<div class="lb-trans"><ul>
<li>在 29 位分析师中，Palantir 的 12 个月目标价中位数为每股 111 美元。这意味着其当前股价 158 美元还有 30% 的下行空间。</li>
<li>在 71 位分析师中，Amazon 的 12 个月目标价中位数为每股 252 美元。这意味着其当前股价 219 美元还有 15% 的上行空间。</li>
</ul>
</div><p>Wall Street's forecasts suggest investors should sell Palantir and buy Amazon. Read on to see the pertinent facts about each company.</p>
<div class="lb-trans"><p>华尔街的预测表明，投资者应该卖出 Palantir，买入 Amazon。继续阅读以了解每家公司的相关事实。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc2NzUvYnVsbC1hbmQtYmVhci0wLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F827675%2Fbull-and-bear-0.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Palantir Technologies</h2>
<div class="lb-trans"><h2>Palantir Technologies</h2>
</div><p>Palantir reported solid first-quarter financial results. Its customer count rose 39% to 769, and the average spend per existing customer climbed 24%, marking the sixth straight increase in net revenue retention. In turn, revenue rose 39% to $884 million, the seventh straight acceleration, and non-GAAP (generally accepted accounting principles) earnings jumped 62% to $0.13 per diluted share.</p>
<div class="lb-trans"><p>Palantir 报告了强劲的第一季度财务业绩。客户数量增长了 39%，达到 769 个，现有客户的平均支出增长了 24%，这是净收入留存率连续第六次增长。反过来，收入增长了 39%，达到 8.84 亿美元，这是连续第七次加速，非公认会计原则（GAAP）每股摊薄收益跃升 62%，达到 0.13 美元。</p>
</div><p>C-suite executive Ryan Taylor attributed the strong performance to &#34;unrelenting demand for AIP,&#34; the artificial intelligence platform introduced in 2023. Management also raised full-year guidance on the assumption that momentum will continue, such that revenue is forecast to increase 36% in 2025. But investors have good reason to think the company will continue to grow at a rapid clip for many quarters thereafter.</p>
<div class="lb-trans"><p>首席执行官 Ryan Taylor 将强劲的业绩归因于 “对 AIP 的持续需求”，这是 2023 年推出的人工智能平台。管理层还提高了全年指导，假设这种势头将持续，预计到 2025 年收入将增长 36%。但投资者有充分理由认为公司在未来几个季度将继续快速增长。</p>
</div><p>International Data Corporation (IDC) recently ranked Palantir as the market leader in decision-intelligence platforms. And <strong>Forrester Research</strong> recognized the company as a leader in artificial intelligence and machine learning platforms. Those accolades hint at strong future sales growth. Grand View Research says analytics software sales will grow at 29% annually through 2030, and IDC says AI platform sales will increase at 41% annually through 2028.</p>
<div class="lb-trans"><p>国际数据公司（IDC）最近将 Palantir 评为决策智能平台的市场领导者。<strong>Forrester Research</strong> 也将该公司认定为人工智能和机器学习平台的领导者。这些荣誉暗示着未来销售的强劲增长。Grand View Research 表示，分析软件销售预计到 2030 年将以 29% 的年增长率增长，而 IDC 则表示，人工智能平台销售预计到 2028 年将以 41% 的年增长率增长。</p>
</div><p>However, while Palantir's business is obviously firing on all cylinders, the stock trades at an absurdly expensive valuation of 127 times sales. That makes Palantir the most expensive stock in the <strong>S&amp;P 500</strong>(^GSPC -1.60%) by a long shot. The next closest company is <strong>Texas Land Pacific</strong>, at 31 times sales. That means Palantir would still be the most expensive stock in the S&amp;P 500 even if its share price declined 75%.</p>
<div class="lb-trans"><p>然而，尽管 Palantir 的业务显然运转良好，但其股票的估值却高得离谱，达到销售额的 127 倍。这使得 Palantir 成为 <strong>S&amp;P 500</strong>(^GSPC -1.60%) 中最昂贵的股票，远远超过其他公司。紧随其后的是 <strong>Texas Land Pacific</strong>，其销售额为 31 倍。这意味着即使 Palantir 的股价下跌 75%，它仍将是 S&amp;P 500 中最昂贵的股票。</p>
</div><p>Palantir has distinguished itself as a leader in data analytics and AI platforms, and both markets are forecast to grow quickly in the coming years. But the stock trades at such an expensive valuation that the risk-reward profile is heavily skewed to the downside. Prospective investors should wait for a better entry point, and shareholders with large positions should consider trimming.</p>
<div class="lb-trans"><p>Palantir 在数据分析和人工智能平台方面脱颖而出，预计这两个市场在未来几年将快速增长。但该股票的估值如此之高，以至于风险回报比严重倾斜向下。潜在投资者应等待更好的入场时机，而持有大量股份的股东应考虑减持。</p>
</div><h2>Amazon</h2>
<div class="lb-trans"><h2>Amazon</h2>
</div><p>Amazon reported exceptional second-quarter financial results that crushed estimates on the top and bottom lines. Revenue increased 13% to $168 billion, an acceleration from the previous quarter, due to particularly strong growth in the advertising and cloud computing divisions. Operating margin expanded 150 basis points, and GAAP earnings increased 62% to $1.59 per diluted share.</p>
<div class="lb-trans"><p>Amazon 报告了出色的第二季度财务业绩，超出了收入和利润的预期。收入增长了 13%，达到 1680 亿美元，较上个季度加速，主要得益于广告和云计算部门的强劲增长。运营利润率扩大了 150 个基点，GAAP 每股摊薄收益增长了 62%，达到 1.59 美元。</p>
</div><p>The investment thesis for Amazon is straightforward. The company runs the largest online marketplace outside of China, it is the third-largest adtech company in the world, and Amazon Web Services (AWS) is the largest public cloud as measured by infrastructure and platform services revenue. All three markets are forecast to grow faster than 10% annually through 2030.</p>
<div class="lb-trans"><p>Amazon 的投资论点非常简单。该公司运营着中国以外最大的在线市场，是全球第三大广告技术公司，Amazon Web Services (AWS) 是按基础设施和平台服务收入计算的最大公共云。这三个市场预计到 2030 年将以超过 10% 的年增长率增长。</p>
</div><p>Accordingly, Wall Street estimates Amazon's earnings will increase at 18% annually over the next three years. That reasonable forecast makes the current valuation of 33 times earnings look fair. That is particularly true because Amazon topped the consensus earnings estimate by an average of 23% during the last four quarters, suggesting analysts may be underestimating future growth.</p>
<div class="lb-trans"><p>因此，华尔街预计 Amazon 的收益将在未来三年内以 18% 的年增长率增长。这个合理的预测使得当前 33 倍的市盈率看起来是合理的。尤其是因为 Amazon 在过去四个季度平均超出了共识收益预期 23%，这表明分析师可能低估了未来的增长。</p>
</div><p>Amazon has a strong presence in three large and growing markets, as well as nascent opportunities in robotics and autonomous driving technology. And with the stock trading at a sensible valuation, long-term investors should feel comfortable buying a few shares today.</p>
<div class="lb-trans"><p>Amazon 在三个大型且快速增长的市场中占据强大地位，并在机器人和自动驾驶技术方面有新兴机会。由于该股票的估值合理，长期投资者今天应该感到放心，可以购买一些股份。</p>
</div>

Palantir Stock vs. Amazon Stock: Wall Street Says Buy One and Sell the Other

- Palantir 股价年初至今上涨 110%，但分析师普遍看空。  
- Amazon 股价仅上涨 7%，分析师则看好其未来增长。  
- Palantir 估值过高，投资者应谨慎，而 Amazon 估值合理，适合长期投资。

Palantir 股票与亚马逊股票：华尔街建议买入其中一个，卖出另一个