Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Palantir Technologies  / Equity Bottom-Up

<ul><li>Palantir, a leading developer of data analytics software, showcased strong results in the fourth quarter of 2023.</li><li>The firm reported $608 million in fourth-quarter revenue, which represents 20% YoY and 9% sequential growth.</li><li>The substantial contribution came from the commercial business which surpassed $1 billion in revenue over the last twelve months, marking this figure as a noteworthy milestone.</li></ul>

Palantir, a leading developer of data analytics software, showcased strong results in the fourth quarter of 2023.The firm reported $608 million in fourth-quarter revenue, which represents 20% YoY and 9% sequential growth.The substantial contribution came from the commercial business which surpassed $1 billion in revenue over the last twelve months, marking this figure as a noteworthy milestone.

Palantir Technologies: Outstanding Bookings and High-Retention Rate Resulting In The Share Price Skyrocketing? - Major Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<p>Palantir was up 11% on earnings. What is going on here?! Is no one paying attention?? 59% (!!) of the total contract value that Palantir signed this quarter came from companies that it has invested $250MM in…in the second quarter! Growth is forecast to decelerate from 49% to 33% QoQ...and it trades at 28x forward sales. And its CEO sold $391MM this past quarter. Biggest short in software.</p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.  </p></div>

Palantir was up 11% on earnings. What is going on here?! Is no one paying attention?? 59% (!!) of the total contract value that Palantir signed this quarter came from companies that it has invested $250MM in…in the second quarter! Growth is forecast to decelerate from 49% to 33% QoQ...and it trades at 28x forward sales. And its CEO sold $391MM this past quarter. Biggest short in software.Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.  

Palantir 2Q21 Earnings: Do You Buy The Growth?

<ul><li>Palantir Technologies Inc. exceeded analyst expectations in terms of revenue as well as earnings, reflecting robust performance across various sectors.</li><li>The US commercial customer base experienced a substantial 12% quarter-over-quarter increase, marking a tenfold growth in just three years.</li><li>These boot camps have proven instrumental in fostering quicker time-to-value for customers, engaging diverse stakeholders, and expanding contracts.</li></ul>

Palantir Technologies Inc. exceeded analyst expectations in terms of revenue as well as earnings, reflecting robust performance across various sectors.The US commercial customer base experienced a substantial 12% quarter-over-quarter increase, marking a tenfold growth in just three years.These boot camps have proven instrumental in fostering quicker time-to-value for customers, engaging diverse stakeholders, and expanding contracts.

Palantir Technologies: Accelerated Adoption Of AI Changing The Game? - Major Drivers

<p>This week we take a look at Palantir's gold purchases, Intel's proposed capex spending, and Amazon's entrance into the Department store space...basically alot of short ideas.</p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.</p></div>

This week we take a look at Palantir's gold purchases, Intel's proposed capex spending, and Amazon's entrance into the Department store space...basically alot of short ideas.Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.

TMT Weekly: 3 Things that Stood Out the Week of August 20, 2021

<ul><li>Palantir Technologies maintained a GAAP operating income in Q2 and achieved GAAP profitability for the quarter.</li><li>In Q2, Palantir closed deals in the US commercial market in about 30 sectors, including pharmaceuticals, energy, consumer goods, utilities, health care, construction, automotive, transportation infrastructure, etc.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Palantir Technologies maintained a GAAP operating income in Q2 and achieved GAAP profitability for the quarter.In Q2, Palantir closed deals in the US commercial market in about 30 sectors, including pharmaceuticals, energy, consumer goods, utilities, health care, construction, automotive, transportation infrastructure, etc.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Palantir Technologies Inc.: Why Their Commercial Business in the US is Soaring! - Major Drivers

United States

Palantir Technologies Inc. develops software to analyze information. The Company offers solutions support many kinds of data including structured, unstructured, relational, temporal, and geospatial. Palantir Technologies serves customers worldwide.

Palantir Technologies (PLTR US)

Palantir 2Q21 Earnings: Do You Buy The Growth?

Palantir was up 11% on earnings. 59% of the total contract value that Palantir signed this quarter came from companies that it invested $250MM...

Aaron Gabin

Palantir Technologies: Accelerated Adoption Of AI Changing The Game? - Major Drivers

Palantir Technologies Inc. exceeded analyst expectations in terms of revenue as well as earnings, reflecting robust performance across various...

Baptista Research

TMT Weekly: 3 Things that Stood Out the Week of August 20, 2021

This week we take a look at Palantir's gold purchases, Intel's proposed capex spending, and Amazon's entrance into the Department store...

Aaron Gabin

Palantir Technologies Inc.: Why Their Commercial Business in the US is Soaring! - Major Drivers

Palantir Technologies maintained a GAAP operating income in Q2 and achieved GAAP profitability for the quarter. In Q2, Palantir closed deals in...

Baptista Research

Palantir Technologies: Outstanding Bookings and High-Retention Rate Resulting In The Share Price Skyrocketing? - Major Drivers

Palantir, a leading developer of data analytics software, showcased strong results in the fourth quarter of 2023. The firm reported $608 million...

Baptista Research

Palantir 2Q21 Earnings: Do You Buy The Growth?

Palantir was up 11% on earnings. 59% of the total contract value that Palantir signed this quarter came from companies that it invested $250MM...

Aaron Gabin

Palantir Technologies: Accelerated Adoption Of AI Changing The Game? - Major Drivers

Palantir Technologies Inc. exceeded analyst expectations in terms of revenue as well as earnings, reflecting robust performance across various...

Baptista Research

TMT Weekly: 3 Things that Stood Out the Week of August 20, 2021

This week we take a look at Palantir's gold purchases, Intel's proposed capex spending, and Amazon's entrance into the Department store...

Aaron Gabin

Palantir Technologies Inc.: Why Their Commercial Business in the US is Soaring! - Major Drivers

Palantir Technologies maintained a GAAP operating income in Q2 and achieved GAAP profitability for the quarter. In Q2, Palantir closed deals in...

Baptista Research