Palantir becomes a ‘Trump trade’ as investors bet on higher defence spending

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Financial Times 11h ago

Palantir becomes a ‘Trump trade’ as investors bet on higher defence spending - Financial Times

Quick Summary:

Palantir board member and 8VC partner Alex Moore said on X that move “will force” billions of dollars in purchases of its stock by exchange traded funds, resulting in gains for its retail shareholders.

He added that the company was one of a “trifecta” of “Trump trades” — stocks that stand to gain from their proximity to the new administration — alongside Elon Musk’s electric-car maker Tesla and Palmer Luckey’s autonomous weapons start-up Anduril, a private company whose shares have rocketed in secondary market trading.

Some analysts, however, have warned its high price-to-earnings ratio is a cause for concern.“We cannot rationalise why Palantir is the most expensive name in software,” RBC analysts led by Rishi Jaluria wrote last month, giving it a price target of just $9 per share.