PLTR - On a Bullish Track!

-Palantir (NYSE:PLTR) reported stellar earnings on May 11 for the first quarter, showing massive revenue and free-cash-flow growth. I predicted that Palantir, the software company for the intelligence community, would turn free-cash-flow positive late last year. Now it has come true. The company’s FCF will continue to spike higher with revenue growth. And that will push PLTR stock much higher.

-Palantir reported that revenue rose 49% to $341 million. But here is what is astounding. Adjusted free cash flow came in at $151 million, up $441 million year-over-year. This also represents a very large portion (44.3%) of revenue.