PLTR bullish call by Meet Kevin

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“I don't mind buying more though at this price.”

Thesis at the time

Bullish

Kevin pushes back on Karp's doom-and-gloom framing about AI companies needing nationalization, calling it marketing hype to sell Palantir's platform, but he still believes Palantir itself is fundamentally strong and undervalued based on its growth, cash flow, and pricing power. He argues the stock could be worth around $250 using a more reasonable PEG ratio, and says he continues to buy shares at current levels.

Key arguments

Palantir has ~$9.4 billion of free cash flow after paying bills of about $500 million
Revenue is up ~92% while costs are up only 53%, showing strong pricing power
Growth rate is stable around 47%, giving a PEG ratio of about 23 at current PE of 109
A more reasonable 3 PEG ratio would justify a stock price closer to $250
Karp's nationalization/liability fear-mongering is seen as a marketing tactic to sell Palantir's 'sovereign AI' platform

Counter-arguments acknowledged

The stock is not fully priced just based on PE ratio alone
Some of Karp's argument about liability risk to AI companies may be legitimate marketing but also partly true
Kevin admits it's a bit of a marketing play by Karp

Hedges and caveats (from the video)

Host characterizes Karp's statements as 'unhinged'
Discussion centers on speculative liability scenarios rather than current financial performance
No specific price targets or directional calls on PLTR stock provided
Analysis is interpretive commentary on CEO statements rather than fundamental analysis