In this segment of Motley Fool Live, recorded on Dec. 7, Fool contributor Lou Whiteman discusses an obstacle for Palantir (PLTR 3.68%) as the company looks to expand sales.
10 stocks we like better than Palantir Technologies Inc.
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Palantir Technologies Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
*Stock Advisor returns as of December 16, 2021
Lou Whiteman: The other thing Palantir is running into quite honestly, their tech is almost too good for a lot of what corporates and governments need. It's too expensive, it's too good. You can get by with a cheaper off-the-shelf option.
It's a great problem to have because we desperately need that technology for some things. This is the company that sniffed out Bernie Madoff. This is the company that found Osama bin Laden. This is great tech, but you don't need the Rolls Royce to go grocery shopping.
I think that's one of the problems that they're having when they go out and try and do commercial sales and also government sales to expand the business. The tech is almost too good for a lot of the jobs and a lot of the cost profiles that they're looking for.