<p>一些投资者和分析师在过去几年对 <strong>Palantir Technologies</strong>(PLTR 4.00%) 表达了复杂的情感。是的，该公司的软件需求激增，转化为惊人的盈利增长。但这也导致了估值飙升，因为其他投资者纷纷涌入该股票。最近，Palantir 的交易价格曾高达前瞻性收益预期的 289 倍，许多人认为这个水平过于高昂。</p>
<p>但在最近几周，Palantir 股票回落，自八月初以来下跌了多达 18%。这一走势使得股价距离华尔街的平均 12 个月价格预测仅有几美元的差距。现在是购买这个高增长公司的好时机吗？让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1NzEvZ2V0dHlpbWFnZXMtOTA0ODgwMTcwLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1NzEvZ2V0dHlpbWFnZXMtOTA0ODgwMTcwLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>为什么 Palantir 会飙升？</h2>
<p>首先，让我们考虑一下为什么 Palantir 在过去三年中上涨了惊人的 1900%。值得注意的是，尽管 Palantir 已经存在超过 20 年，但该公司仅在五年前进行了首次公开募股。公司花了时间来完善其产品和战略，并努力接近盈利，然后才决定进行这样的操作。</p>
<p>尽管 Palantir 股票在首次公开募股后的几个月内有所上涨，但该股票真正开始获得重大动力是在大约两年前。这与公司人工智能平台（AIP）的推出相吻合，该软件结合了人工智能的力量，帮助客户整合所有不同的数据，并利用这些数据来增强决策和增长。</p>
<p>过去，Palantir 最多与政府合同相关联，但 AIP 的推出促进了商业业务——现在政府和商业收入每个季度都在以两位数的速度飙升。AIP 的应用范围广泛，从军方在战场上进行实时决策到商业客户 <strong>United Airlines</strong> 用它来预测维护问题。</p>
<p>所有这些都帮助 Palantir 实现了盈利，并将商业客户从四年前的少数几家增长到今天的 485 家。</p>
<h2>这可能是个开始...</h2>
<p>首席执行官 Alex Karp 在最近几个季度表示，增长仍处于早期阶段，并在最新的股东信中写道：&#34;这仍然只是更大事物的开始。&#34; 根据分析师的预测，人工智能市场预计将在短短几年内从今天的数十亿美元增长到数万亿美元，这可能非常真实。</p>
<p>Palantir 的 AIP 为客户提供了快速轻松地将人工智能应用于其运营的机会，这种服务已经显示出强烈的需求——随着对人工智能的需求增长，这种趋势可能会持续。</p>
<p>如上所述，Palantir 在过去一年左右面临的一个问题是估值。随着一些投资者关注公司蓬勃发展的销售和出色的增长与盈利能力的平衡，他们急于投资这个人工智能公司。这促使许多华尔街分析师警告投资者在当前估值下购买该股票。</p>
<p>然而，现在，经过最近的下跌，股票交易价格已低于 160 美元。华尔街的平均目标股价约为 151 美元。由于 Palantir 接近这一平均估计，一些投资者可能会认为该股票的价格比过去更合理。该股票在八月的高点交易价格超过 181 美元。</p>
<p>这也降低了估值，目前股票的前瞻性收益预期为 243 倍，较一个月前的 289 倍有所下降。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/a1aea7b5e88bab994e8b30c42c62100a.png?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://media.ycharts.com/charts/a1aea7b5e88bab994e8b30c42c62100a.png"/></p>
<p>PLTR PE Ratio (Forward) 数据来源于 YCharts</p>
<h2>Palantir 是值得购买的吗？</h2>
<p>这是否意味着现在在下跌时是购买 Palantir 的好时机？值得注意的是，如果你是价值投资者，你仍然会发现 Palantir 在今天的估值下显得昂贵。但同样重要的是，要说将这种估值标准应用于高增长科技股是困难的——因为这些标准反映了短期内的收益预期，但不包括几年后的潜力。</p>
<p>与此同时，Palantir 软件的需求依然强劲，未来前景看好，因此对公司未来的信心是有理由的。Palantir 最近的下跌，使其接近华尔街的平均 12 个月价格预测，显示该股票可能接近一个吸引投资者的水平——尤其是那些认为过去价格过高的投资者。</p>
<p>所有这些意味着，如果你是一个寻找潜在长期人工智能赢家的增长投资者，现在在下跌时购买 Palantir 是个好主意。</p>

PLTR

<p>Palantir Technologies 的股票自 8 月初以来下跌了 18%，目前交易价格接近华尔街的平均目标价 151 美元。尽管对其高估值存在担忧，但公司对其人工智能软件的强劲需求和盈利增长表明了光明的未来。分析师警告称，价值投资者可能仍会觉得该股票昂贵，但成长型投资者可能会将此次下跌视为投资于高增长人工智能公司的机会。Palantir 的股票目前的交易价格为前瞻性收益预期的 243 倍，较一个月前的 289 倍有所下降</p>

<p>Some investors and analysts alike have expressed mixed feelings about <strong>Palantir Technologies</strong>(PLTR 4.00%) over the past couple of years. Yes, demand for the company's software has been booming and translating into fantastic earnings growth. But this also has resulted in a soaring valuation as other investors piled into the stock. Palantir has traded for as much as 289 times forward earnings estimates in recent times, a level that many consider exorbitant.</p>
<div class="lb-trans"><p>一些投资者和分析师在过去几年对 <strong>Palantir Technologies</strong>(PLTR 4.00%) 表达了复杂的情感。是的，该公司的软件需求激增，转化为惊人的盈利增长。但这也导致了估值飙升，因为其他投资者纷纷涌入该股票。最近，Palantir 的交易价格曾高达前瞻性收益预期的 289 倍，许多人认为这个水平过于高昂。</p>
</div><p>But in recent weeks, Palantir stock has pulled back, dropping as much as 18% since early August. And this movement has pushed the stock price to a few dollars away from Wall Street's average 12-month price forecast. Is it finally time to buy this high-growth player? Let's find out.</p>
<div class="lb-trans"><p>但在最近几周，Palantir 股票回落，自八月初以来下跌了多达 18%。这一走势使得股价距离华尔街的平均 12 个月价格预测仅有几美元的差距。现在是购买这个高增长公司的好时机吗？让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1NzEvZ2V0dHlpbWFnZXMtOTA0ODgwMTcwLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832571%2Fgettyimages-904880170.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>Why has Palantir soared?</h2>
<div class="lb-trans"><h2>为什么 Palantir 会飙升？</h2>
</div><p>So, first, let's consider why Palantir, up a mind-blowing 1,900% over the past three years, has climbed so much in the first place. It's important to note that, though Palantir has existed for more than 20 years, the company only launched an initial public offering five years ago. The company took its time refining its products and strategy and working to move closer to profitability before deciding on such an operation.</p>
<div class="lb-trans"><p>首先，让我们考虑一下为什么 Palantir 在过去三年中上涨了惊人的 1900%。值得注意的是，尽管 Palantir 已经存在超过 20 年，但该公司仅在五年前进行了首次公开募股。公司花了时间来完善其产品和战略，并努力接近盈利，然后才决定进行这样的操作。</p>
</div><p>And though Palantir stock advanced in the months following its IPO, the stock truly started to pick up major momentum about two years ago. This coincides with the launch of the company's Artificial Intelligence Platform (AIP), software that, integrating the power of AI, helps customers bring together all of their disparate data and use it to supercharge decision-making and growth.</p>
<div class="lb-trans"><p>尽管 Palantir 股票在首次公开募股后的几个月内有所上涨，但该股票真正开始获得重大动力是在大约两年前。这与公司人工智能平台（AIP）的推出相吻合，该软件结合了人工智能的力量，帮助客户整合所有不同的数据，并利用这些数据来增强决策和增长。</p>
</div><p>Palantir, in the past, was most associated with government contracts, but the launch of AIP boosted the commercial business -- and now both government and commercial revenues are soaring in the double digits quarter after quarter. Uses for AIP are vast, from the military applying it to real-time decision making on the battlefield to commercial customer <strong>United Airlines</strong> using it to predict maintenance issues.</p>
<div class="lb-trans"><p>过去，Palantir 最多与政府合同相关联，但 AIP 的推出促进了商业业务——现在政府和商业收入每个季度都在以两位数的速度飙升。AIP 的应用范围广泛，从军方在战场上进行实时决策到商业客户 <strong>United Airlines</strong> 用它来预测维护问题。</p>
</div><p>All of this has helped Palantir reach profitability and grow the commercial business from a handful of customers just four years ago to 485 today.</p>
<div class="lb-trans"><p>所有这些都帮助 Palantir 实现了盈利，并将商业客户从四年前的少数几家增长到今天的 485 家。</p>
</div><h2>This may be the beginning...</h2>
<div class="lb-trans"><h2>这可能是个开始...</h2>
</div><p>Chief executive Alex Karp in recent quarters has said growth is in its early stages, and in the latest letter to shareholders wrote, &#34;This is still only the beginning of something much larger.&#34; Considering the AI market is set to grow from billions of dollars today to trillions of dollars in just a few years, according to analysts' forecasts, this may be very true.</p>
<div class="lb-trans"><p>首席执行官 Alex Karp 在最近几个季度表示，增长仍处于早期阶段，并在最新的股东信中写道：&#34;这仍然只是更大事物的开始。&#34; 根据分析师的预测，人工智能市场预计将在短短几年内从今天的数十亿美元增长到数万亿美元，这可能非常真实。</p>
</div><p>Palantir's AIP offers customers an opportunity to quickly and easily apply AI to their operations, and this sort of service already is showing itself to be in high demand -- as need for AI grows, this could continue.</p>
<div class="lb-trans"><p>Palantir 的 AIP 为客户提供了快速轻松地将人工智能应用于其运营的机会，这种服务已经显示出强烈的需求——随着对人工智能的需求增长，这种趋势可能会持续。</p>
</div><p>As mentioned above, the one problem that Palantir has faced over the past year or so is valuation. As some investors looked at the company's booming sales and stellar ability to balance growth with profitability, they rushed to get in on this AI player. And that pushed many Wall Street analysts to warn investors about buying the stock at current valuations.</p>
<div class="lb-trans"><p>如上所述，Palantir 在过去一年左右面临的一个问题是估值。随着一些投资者关注公司蓬勃发展的销售和出色的增长与盈利能力的平衡，他们急于投资这个人工智能公司。这促使许多华尔街分析师警告投资者在当前估值下购买该股票。</p>
</div><p>Now, though, following recent declines, the stock has been trading for less than $160. The average Wall Street share price target is about $151. Since Palantir has neared this average estimate, some investors may view the stock as more reasonably priced than it was in the past. The stock traded for more than $181 at its high in August.</p>
<div class="lb-trans"><p>然而，现在，经过最近的下跌，股票交易价格已低于 160 美元。华尔街的平均目标股价约为 151 美元。由于 Palantir 接近这一平均估计，一些投资者可能会认为该股票的价格比过去更合理。该股票在八月的高点交易价格超过 181 美元。</p>
</div><p>And this also has lowered valuation, with the stock now trading at 243x forward earnings estimates, down from 289x just a month ago.</p>
<div class="lb-trans"><p>这也降低了估值，目前股票的前瞻性收益预期为 243 倍，较一个月前的 289 倍有所下降。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/a1aea7b5e88bab994e8b30c42c62100a.png" alt="" original-src="https://media.ycharts.com/charts/a1aea7b5e88bab994e8b30c42c62100a.png"/></p>
<p>PLTR PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>PLTR PE Ratio (Forward) 数据来源于 YCharts</p>
</div><h2>Is Palantir a buy?</h2>
<div class="lb-trans"><h2>Palantir 是值得购买的吗？</h2>
</div><p>Does this mean that now, on the dip, is a good time to buy Palantir? It's important to note that, if you're a value investor, you'll still find Palantir expensive at today's valuation. But it's also important to say that it's hard to apply such valuation measures to high growth tech stocks -- since these measures reflect earnings estimates in the near term but don't include the potential a few years down the road.</p>
<div class="lb-trans"><p>这是否意味着现在在下跌时是购买 Palantir 的好时机？值得注意的是，如果你是价值投资者，你仍然会发现 Palantir 在今天的估值下显得昂贵。但同样重要的是，要说将这种估值标准应用于高增长科技股是困难的——因为这些标准反映了短期内的收益预期，但不包括几年后的潜力。</p>
</div><p>Meanwhile, demand for Palantir's software is going strong and future prospects look bright so there's reason to be confident about the company's future. And Palantir's recent drop, bringing it near Wall Street's average 12-month price forecast, shows the stock may be approaching a level that could appeal to investors -- especially those who thought the price was too high in the past.</p>
<div class="lb-trans"><p>与此同时，Palantir 软件的需求依然强劲，未来前景看好，因此对公司未来的信心是有理由的。Palantir 最近的下跌，使其接近华尔街的平均 12 个月价格预测，显示该股票可能接近一个吸引投资者的水平——尤其是那些认为过去价格过高的投资者。</p>
</div><p>All of this means, if you're a growth investor looking for a potential long-term AI winner, it's a great idea to buy Palantir now on the dip.</p>
<div class="lb-trans"><p>所有这些意味着，如果你是一个寻找潜在长期人工智能赢家的增长投资者，现在在下跌时购买 Palantir 是个好主意。</p>
</div>

After Palantir's 18% Drop, the Stock Is Trading Near Wall Street's Price Targets. Time to Buy?

- Palantir Technologies 近期股价下跌，较高估值引发投资者担忧。  
- 公司软件需求强劲，过去三年股价上涨 1,900%。  
- 当前股价接近华尔街 12 个月目标价，可能吸引投资者。

在 Palantir 股价下跌 18% 后，该股票的交易价格接近华尔街的目标价。现在是买入的好时机吗？