I expect the commercial segment growth to accelerate as enterprise AI adoption increases in the next years, eventually overshadowing government revenue. So far, I see strong signs of momentum in enterprise AI adoption. Palantir's US commercial customer base has grown to 295 clients, an 83% YoY increase. I see a company with great fundamentals, including triple-digit net income growth over the last four quarters, 81% gross margins, and record 60% adj. FCF margins.
Despite a ~4x rise this year, Palantir has further gains to offer investors, and I'm reiterating my buy rating on the stock. Palantir's unpredictable growth trajectory and multiple quarters of accelerating revenue make near-term valuation multiples unreliable (the stock trades at ~49x FY25 revenue). In Q3, the company drove 30% y/y revenue growth, accelerating three points while also expanding adjusted EBITDA margins by 8 points y/y.
Palantir Technologies (PLTR) shares retreated Monday after hitting their latest all-time high earlier in the session.
Working with the government continues to be an important part of the business for Palantir Technologies Inc (NASDAQ: PLTR). On Monday, the big data analytics company won an expansion on its contract with the US Special Operations Command.
Shares of Palantir Technologies Inc (NASDAQ:PLTR) were last seen 4% lower at $73.32, but earlier hit a record high of $80.91 after software firm said it expanded its partnership with the U.S. Special Operations Command (USSOCOM).
Palantir stock initially gained then reversed down after the software maker announced an expansion of its contract with the U.S. Special Operations Command. The post Palantir Stock Reverses Down Amid Military Contract Expansion appeared first on Investor's Business Daily.
Since September, the once dubbed ‘Messi of AI' Palantir (NASDAQ: PLTR) has been on a remarkable run.
Mike Gallagher, Palantir head of defense and former U.S. Congressman (R-Wis.) joins 'Squawk Box' to discuss the collapse of the Assad regime in Syria, implications for the rest of the Middle East region, what America's role should be going forward, Palantir's partnership with Anduril, and more.
The rapid rise of Palantir Technologies' (NASDAQ: PLTR) stock shows no signs of slowing down at the moment, as the equity has blasted through key technical and psychological levels amid persistent valuation concerns.
Palantir Technologies (PLTR 6.22%) has had an incredible run in 2024. The company has become one of the most talked about platforms fueling the artificial intelligence (AI) narrative, shares of the stock have gained more than 300% this year alone, and it's become a member of the S&P 500 index.
Amid hype over artificial intelligence, the best AI stocks generate revenue or get a strategic edge. The post AI Stocks: Tech Giants, Cloud Titans Face 'Show Me' Moment.
Palantir (PLTR 0.47%) has been one of 2024's best-performing stocks. As of the time of writing, it has risen an astounding 340%, meaning the stock has more than quadrupled in 2024.