Palantir's Q3 results exceeded expectations with 30% YoY revenue growth and strong AIP demand, reinforcing my strong buy rating. The recent presidential election, with President-elect Trump focusing on government efficiency, adds significant upside potential for Palantir's AI solutions. Despite high traditional valuation metrics, Palantir's exceptional growth justifies a premium, with forward EPS expected to grow 97.51% YoY.
Palantir, dubbed the "Messi of AI growth," has shown exceptional performance. Its growth is accelerating, and it keeps surprising investors with its strong results and raised guidance. Despite Palantir's impressive business model and high customer retention, I maintain a Hold rating due to the high valuation. However, I'm not ruling out the potential for more short-term momentum. The company's AI platform, AIP, is driving significant operational improvements for clients, leading to increased demand and a strong and improving net dollar retention rate of 118%.
Half the country is happy, and half the country is sad, that's the way democracy goes sometimes. This is a financial publication, so we are going to focus on the economic and market implications of a Trump presidency.
Palantir Technologies Inc.'s stock has surged ~39% since my September buy recommendation, driven by stellar Q3 2024 earnings and an updated full-year guidance across the board. U.S. commercial revenue grew 54% year-over-year, and U.S. government revenue saw its strongest sequential growth in 15 quarters, driven by increased DoD business. Palantir's valuation remains high, but with strong financials, new contracts, and continued momentum, I see further upside potential ahead.
Palantir has been one of the most rewarding artificial intelligence stocks to own in 2024.
Big data analytics venture Palantir (NYSE: PLTR) has been one of the most closely-watched stocks over the past couple of years. Keen-eyed investors noted the company's competitive edge early on, but consistent doubts remained as to whether the business could broaden its client base and successfully capture both commercial and public customers.
Palantir surprised the market with a 30% YoY revenue growth. I argue that this is not good news, it's great news. I expect this kind of growth to be sustainable, given what management has shown us is possible. This article covers the Q3 earnings report, and takes a pulse on Palantir.
CNBC's Deidre Bosa joins 'The Exchange' to discuss why Palantir shares are surging today.
The artificial intelligence (AI) specialist sent its bears a clear message with its Q3 report.
Palantir (PLTR) became the clear winner in the S&P 500 after posting a big beat in earnings. A bull run sending its stock to a new all-time high didn't ignite as much bullishness from analysts.
In 2024, the shares of Palantir (NYSE: PLTR) and Nvidia (NASDAQ: NVDA) have dominated the stock market, recording significant gains thanks to their ventures in artificial intelligence (AI).
In midday trading the morning after another strong earnings report, Palantir Technologies Inc. NYSE: PLTR cracked the $50 mark. This is a significant milestone for retail investors who have been largely responsible for driving the growth in PLTR stock.