Palantir Technologies Inc. (PLTR)
Wall Street sets Palantir (PLTR) stock price for next 12 months
Palantir (NYSE: PLTR) has been a surprisingly contentious stock in the last two months. On the one hand, it experienced a remarkable stock market rally, and on the other, it had investors and experts nervous, as many of them estimated that the upcoming business growth was already reflected in the share price.
Palantir At Its Highs Is Still A Once In A Decade Opportunity
Palantir's earnings surged, pushing its market cap towards $100 billion, driven by strong AI capabilities and rapid customer turnaround in diverse industries. The company achieved 44% YoY U.S. revenue growth, with commercial revenue outpacing government revenue, and a GAAP net income nearing $600 million. Palantir boasts no debt, $4.6 billion in cash, and a 1.6% annual adjusted FCF yield, with expectations of continued revenue and margin growth.
Palantir: Be Fearful When Others Are Greedy (Rating Downgrade)
Palantir's Q3'24 earnings exceeded expectations, driven by strong AI demand, leading to a raised FY 2024 outlook and 30% Y/Y revenue growth. Palantir's U.S. commercial revenues surged 54% Y/Y, with U.S. government revenues up 40% Y/Y, highlighting robust AI product adoption. The analytics company also saw a significant expansion in its free cash flow margin.
Data analytics firm Palantir jumps as AI boom powers robust software adoption
Palantir shares jumped over 12% on Tuesday after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the artificial intelligence boom was fueling demand for its services.
Palantir Stock Soars as "Unrelenting" Artificial Intelligence (AI) Demand Drives 43% Earnings Growth and Annual Guidance Raise
The AI-driven software company, originally focused on the U.S. government market, is briskly expanding its commercial business.
Palantir CEO Said "AI Demand Won't Slow Down." Should You Buy the Stock?
You are paying a premium, but great companies are rarely cheap.
Palantir Stock Jumps as Earnings Beat and Outlook Shines
Palantir reported third-quarter adjusted earnings of 10 cents a share on revenue of $725.5 million.
Palantir Technologies shares shoot up 14% after hours as it upgrades for a third time
Palantir Technologies Inc's (NYSE:PLTR) stock surged 14% in after-hours trading on the back of better-than-expected trading, which saw the tech giant raise its annual revenue forecast for the third time. Demand for its services was driven by an increasing number of businesses adopting generative AI and increased government spending.
Better Artificial Intelligence Stock: Palantir vs. Super Micro Computer
Let's put these two AI narrative stocks to the test.
Palantir Stock Price Levels to Watch After Post-Earnings Surge
Palantir (PLTR) shares traded sharply higher in extended trading on Monday after the analytics software provider topped third-quarter estimates and lifted its full-year revenue outlook amid robust demand for its artificial intelligence (AI) offerings.
Palantir CEO says the company 'eviscerated' sales so hard execs have stopped talking about how 'crazy' he is
Palantir's third-quarter earnings beat Wall Street expectations. CEO Alex Karp said revenue growth was driven by AI demand in the US.
Palantir: Valuation Looks Detached From Business Realities, A Tactical 'Sell'
Amid unrelenting AI demand, Palantir delivered strong numbers for Q3 2024 and lifted full-year guidance. In response, PLTR stock has popped by another 12% to ~46 per share in the after-hours session. At ~40x P/S, Palantir stock looks worse than dead money despite assuming above consensus future revenue growth and margins.
