Is Palantir Still a Buy After Proving the Bulls Right? Here's My Honest Take
2026-08-04 14:15
•Neil Rozenbaum •The Motley Fool
•• • Axe Cap view
Palantir: Still Worth Watching, But No Rush to Buy
Palantir’s strong earnings prove bulls right, but South African investors should stay cautious.
Palantir’s recent earnings report showing 134% growth is undeniably impressive, especially in the data analytics space. The stock’s 27% jump reflects that enthusiasm. However, South African investors should consider that Palantir is a US-based tech firm with no direct listing on the JSE, and exposure would primarily come through offshore portfolios or USD/ZAR movements. If the rand weakens, that might boost returns from holding US tech firms, but currency volatility is a real concern. Also, Palantir’s valuation is elevated; if growth slows or US tech sentiment sours, the stock could give back gains sharply. For those looking at exposure, keeping an eye on USD/ZAR is key since it directly affects returns in rand terms. The local market has plenty of opportunities in mining and financials offering more tangible value today, so chasing Palantir here feels more speculative than essential. this is just our opinion and not financial advice
Avoid direct exposure to Palantir for now and focus on JSE companies with clearer value like AngloGold Ashanti or Standard Bank. Watch USD/ZAR if you want tech exposure offshore.
- PLTR
- USD/ZAR
- AngloGold Ashanti
- Standard Bank
- US tech sector correction
- rand strengthening reducing offshore returns
6/10
An analyst discusses Palantir's latest earnings report, noting that the company delivered results that validated bullish investor expectations. The author purchased additional shares ahead of the earnings announcement and highlights a significant metric of 134% growth in the earnings report.
Our take is based on reporting first published by The Motley Fool.