<p>一些投資者和分析師在過去幾年對 <strong>Palantir Technologies</strong>(PLTR 4.00%) 表達了複雜的情感。是的，該公司的軟件需求激增，轉化為驚人的盈利增長。但這也導致了估值飆升，因為其他投資者紛紛湧入該股票。最近，Palantir 的交易價格曾高達前瞻性收益預期的 289 倍，許多人認為這個水平過於高昂。</p>
<p>但在最近幾周，Palantir 股票回落，自八月初以來下跌了多達 18%。這一走勢使得股價距離華爾街的平均 12 個月價格預測僅有幾美元的差距。現在是購買這個高增長公司的好時機嗎？讓我們來看看。</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>圖片來源：Getty Images。</p>
<h2>為什麼 Palantir 會飆升？</h2>
<p>首先，讓我們考慮一下為什麼 Palantir 在過去三年中上漲了驚人的 1900%。值得注意的是，儘管 Palantir 已經存在超過 20 年，但該公司僅在五年前進行了首次公開募股。公司花了時間來完善其產品和戰略，並努力接近盈利，然後才決定進行這樣的操作。</p>
<p>儘管 Palantir 股票在首次公開募股後的幾個月內有所上漲，但該股票真正開始獲得重大動力是在大約兩年前。這與公司人工智能平台（AIP）的推出相吻合，該軟件結合了人工智能的力量，幫助客户整合所有不同的數據，並利用這些數據來增強決策和增長。</p>
<p>過去，Palantir 最多與政府合同相關聯，但 AIP 的推出促進了商業業務——現在政府和商業收入每個季度都在以兩位數的速度飆升。AIP 的應用範圍廣泛，從軍方在戰場上進行實時決策到商業客户 <strong>United Airlines</strong> 用它來預測維護問題。</p>
<p>所有這些都幫助 Palantir 實現了盈利，並將商業客户從四年前的少數幾家增長到今天的 485 家。</p>
<h2>這可能是個開始...</h2>
<p>首席執行官 Alex Karp 在最近幾個季度表示，增長仍處於早期階段，並在最新的股東信中寫道：&#34;這仍然只是更大事物的開始。&#34; 根據分析師的預測，人工智能市場預計將在短短几年內從今天的數十億美元增長到數萬億美元，這可能非常真實。</p>
<p>Palantir 的 AIP 為客户提供了快速輕鬆地將人工智能應用於其運營的機會，這種服務已經顯示出強烈的需求——隨着對人工智能的需求增長，這種趨勢可能會持續。</p>
<p>如上所述，Palantir 在過去一年左右面臨的一個問題是估值。隨着一些投資者關注公司蓬勃發展的銷售和出色的增長與盈利能力的平衡，他們急於投資這個人工智能公司。這促使許多華爾街分析師警告投資者在當前估值下購買該股票。</p>
<p>然而，現在，經過最近的下跌，股票交易價格已低於 160 美元。華爾街的平均目標股價約為 151 美元。由於 Palantir 接近這一平均估計，一些投資者可能會認為該股票的價格比過去更合理。該股票在八月的高點交易價格超過 181 美元。</p>
<p>這也降低了估值，目前股票的前瞻性收益預期為 243 倍，較一個月前的 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) 數據來源於 YCharts</p>
<h2>Palantir 是值得購買的嗎？</h2>
<p>這是否意味着現在在下跌時是購買 Palantir 的好時機？值得注意的是，如果你是價值投資者，你仍然會發現 Palantir 在今天的估值下顯得昂貴。但同樣重要的是，要説將這種估值標準應用於高增長科技股是困難的——因為這些標準反映了短期內的收益預期，但不包括幾年後的潛力。</p>
<p>與此同時，Palantir 軟件的需求依然強勁，未來前景看好，因此對公司未來的信心是有理由的。Palantir 最近的下跌，使其接近華爾街的平均 12 個月價格預測，顯示該股票可能接近一個吸引投資者的水平——尤其是那些認為過去價格過高的投資者。</p>
<p>所有這些意味着，如果你是一個尋找潛在長期人工智能贏家的增長投資者，現在在下跌時購買 Palantir 是個好主意。</p>

PLTR

<p>Palantir Technologies 的股票自 8 月初以來下跌了 18%，目前交易價格接近華爾街的平均目標價 151 美元。儘管對其高估值存在擔憂，但公司對其人工智能軟件的強勁需求和盈利增長表明了光明的未來。分析師警告稱，價值投資者可能仍會覺得該股票昂貴，但成長型投資者可能會將此次下跌視為投資於高增長人工智能公司的機會。Palantir 的股票目前的交易價格為前瞻性收益預期的 243 倍，較一個月前的 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>一些投資者和分析師在過去幾年對 <strong>Palantir Technologies</strong>(PLTR 4.00%) 表達了複雜的情感。是的，該公司的軟件需求激增，轉化為驚人的盈利增長。但這也導致了估值飆升，因為其他投資者紛紛湧入該股票。最近，Palantir 的交易價格曾高達前瞻性收益預期的 289 倍，許多人認為這個水平過於高昂。</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>但在最近幾周，Palantir 股票回落，自八月初以來下跌了多達 18%。這一走勢使得股價距離華爾街的平均 12 個月價格預測僅有幾美元的差距。現在是購買這個高增長公司的好時機嗎？讓我們來看看。</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>圖片來源：Getty Images。</p>
</div><h2>Why has Palantir soared?</h2>
<div class="lb-trans"><h2>為什麼 Palantir 會飆升？</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，讓我們考慮一下為什麼 Palantir 在過去三年中上漲了驚人的 1900%。值得注意的是，儘管 Palantir 已經存在超過 20 年，但該公司僅在五年前進行了首次公開募股。公司花了時間來完善其產品和戰略，並努力接近盈利，然後才決定進行這樣的操作。</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>儘管 Palantir 股票在首次公開募股後的幾個月內有所上漲，但該股票真正開始獲得重大動力是在大約兩年前。這與公司人工智能平台（AIP）的推出相吻合，該軟件結合了人工智能的力量，幫助客户整合所有不同的數據，並利用這些數據來增強決策和增長。</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>過去，Palantir 最多與政府合同相關聯，但 AIP 的推出促進了商業業務——現在政府和商業收入每個季度都在以兩位數的速度飆升。AIP 的應用範圍廣泛，從軍方在戰場上進行實時決策到商業客户 <strong>United Airlines</strong> 用它來預測維護問題。</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>所有這些都幫助 Palantir 實現了盈利，並將商業客户從四年前的少數幾家增長到今天的 485 家。</p>
</div><h2>This may be the beginning...</h2>
<div class="lb-trans"><h2>這可能是個開始...</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>首席執行官 Alex Karp 在最近幾個季度表示，增長仍處於早期階段，並在最新的股東信中寫道：&#34;這仍然只是更大事物的開始。&#34; 根據分析師的預測，人工智能市場預計將在短短几年內從今天的數十億美元增長到數萬億美元，這可能非常真實。</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 為客户提供了快速輕鬆地將人工智能應用於其運營的機會，這種服務已經顯示出強烈的需求——隨着對人工智能的需求增長，這種趨勢可能會持續。</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 在過去一年左右面臨的一個問題是估值。隨着一些投資者關注公司蓬勃發展的銷售和出色的增長與盈利能力的平衡，他們急於投資這個人工智能公司。這促使許多華爾街分析師警告投資者在當前估值下購買該股票。</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，現在，經過最近的下跌，股票交易價格已低於 160 美元。華爾街的平均目標股價約為 151 美元。由於 Palantir 接近這一平均估計，一些投資者可能會認為該股票的價格比過去更合理。該股票在八月的高點交易價格超過 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>這也降低了估值，目前股票的前瞻性收益預期為 243 倍，較一個月前的 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) 數據來源於 YCharts</p>
</div><h2>Is Palantir a buy?</h2>
<div class="lb-trans"><h2>Palantir 是值得購買的嗎？</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>這是否意味着現在在下跌時是購買 Palantir 的好時機？值得注意的是，如果你是價值投資者，你仍然會發現 Palantir 在今天的估值下顯得昂貴。但同樣重要的是，要説將這種估值標準應用於高增長科技股是困難的——因為這些標準反映了短期內的收益預期，但不包括幾年後的潛力。</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>與此同時，Palantir 軟件的需求依然強勁，未來前景看好，因此對公司未來的信心是有理由的。Palantir 最近的下跌，使其接近華爾街的平均 12 個月價格預測，顯示該股票可能接近一個吸引投資者的水平——尤其是那些認為過去價格過高的投資者。</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>所有這些意味着，如果你是一個尋找潛在長期人工智能贏家的增長投資者，現在在下跌時購買 Palantir 是個好主意。</p>
</div>

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

- Palantir Technologies 近期股價下跌，較高估值引發投資者擔憂。  
- 公司軟件需求強勁，過去三年股價上漲 1,900%。  
- 當前股價接近華爾街 12 個月目標價，可能吸引投資者。

在 Palantir 股價下跌 18% 後，該股票的交易價格接近華爾街的目標價。現在是買入的好時機嗎？