Palantir's Retail-Led Rally Might Have Structural Legs

  • Palantir stands out for its unusually high retail ownership among mega caps, creating both volatility risks and a rerating opportunity as institutions accumulate. Institutional participation is rising, though governance concerns and Palantir's IPO structure may have delayed this; the trend should continue, supporting the stock. Despite a sharp drop in FCF yield and valuation froth, Palantir's growth potential justifies a bullish outlook, similar to early-stage Microsoft.