Recent stock market favorite Palantir notched another milestone Tuesday, surging after its latest earnings report to join an elite group of U.S. firms worth more than $200 million as the software giant benefits handsomely from its “position at the center of the AI revolution,” as its billionaire CEO Alexander Karp describes it.
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We're upgrading Palantir Technologies Inc. to a buy due to strong investor confidence post-earnings call and favorable U.S. government pro-AI and anti-China sentiment. We think U.S. government revenue will continue to show momentum and expect management to bring its A-game to growing its U.S. commercial revenue in the face of DeepSeek. The stock is priced for perfection at current levels, trading at EV/Sales 66.0x, compared to the growth stock peer average of 14.7x.
Jenny Horne looks into the two biggest movers this morning. In Palantir (PLTR), she notes CEO Alex Karp's commentary on "being at the center of the A.I.
Palantir has surged 1,300% since its low, driven by outstanding results and robust future guidance, making it a strong buy long-term despite high valuation. Palantir's Q1 revenue guidance of $858-862M and full-year projection of $3.741-$3.757B suggest analysts may still underestimate its potential. Despite its high valuation, Palantir's 30%+ revenue growth and increasing profitability make it a compelling investment, especially on a pullback to $70-$80.
My “Buy” stance on Palantir Technologies Inc. before earnings has benefited from a stellar Q4 FY24 quarter that led to a 23% after-market surge in the stock. Palantir delivered significant all-round beats vs. consensus estimates, proving that the market is still underestimating the company. No matter how one cuts it, Palantir's revenue quality metrics are seeing consistent improvement and growing strongly. A 63% increase in total contract value indicates longevity of continued business expansion.
Palantir surged more than 23% in premarket trading after reporting stronger-than-expected fourth-quarter results and guidance driven by AI CEO and co-founder Alex Karp called the momentum within its commercial and government segments "unlike anything that has come before."
After an earnings beat from Palantir (PLTR), Jay Woods says "There's nothing they've done that's gone wrong
The major AI and Quantum computing companies out there are a bit mixed in the early hours of Tuesday, as they look very much like a market that is in statis at the moment.
Palantir (PLTR) is set to open at a new all-time high Tuesday after surpassing earning expectations. CEO Alex Karp says the company's LLM models have "evolved from theory to fact" as the company jumped more than 20% in premarket trading.
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CNBC's Becky Quick reports on the company's quarterly earnings results.