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According to UBS Group (UBS) analysts, the “ontology layer” of Palantir's (PLTR) Foundry system, along with its ability to link “data to the customer’s relevant operations and systems,” protects it from competition. These attributes, in tandem with a huge deal that the company recently made with the Pentagon, should enable Palantir to continue growing very rapidly.
However, in light of investors' continued worries about software companies and the still-stratospheric valuations of PLTR stock, the shares are unlikely to break out of their current range, at least until the firm reports its first-quarter financial results. PLTR is slated to announce its Q1 earnings on May 4.