Palantir will struggle to hold on to $20 billion valuation, study says
If Palantir Technologies Inc. pursues plans for a public offering and follows through by 2019, it will need to rein in spending and woo corporate customers just to be able to hang on to a $20 billion valuation it was awarded two years ago, according to a new study. It could also be worth a lot less.
The sober assessment by SharesPost Research of Peter Thiel's aging data analytics company comes as it moves from serving mostly government clients to corporate ones and attempts to turn a profit for the first time in its 13-year-history. Palantir also needs to make adjustments to its tools that would make them more accessible, the report said.