Palantir Technologies Inc. (PLTR)
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.
Palantir Technologies Inc. (PLTR) Q3 2024 Earnings Call Transcript
Palantir Technologies Inc. (NYSE:PLTR ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Ana Soro - Finance Team Ryan Taylor - CRO & CLO Shyam Sankar - CTO David Glazer - CFO Alex Karp - CEO Conference Call Participants Daniel Ives - Wedbush Mariana Perez Mora - Bank of America Ana Soro Good afternoon. I'm Ana Soro from Palantir's finance team, and I'd like to welcome you to our Third Quarter 2024 Earnings Call.
Palantir Soars On Earnings Beat, But I'm Still Not Very Bullish
Palantir Technologies reported strong Q3 earnings, with 30% revenue growth and a 10% earnings beat, driving a 13% share price increase. U.S. revenue growth outpaced international, driven by deep-pocketed customers and strong demand for AI services, enhancing PLTR's growth momentum. Despite impressive growth and margin improvements, the Company's high valuation at 100x earnings raises concerns about future share price appreciation.
Palantir Q3: Customers Embracing Newest AIP Platform
Palantir Technologies Inc.'s partnership with L3Harris Technologies enhances its market leadership in the US defense sector, integrating AIP with advanced defense solutions. Palantir reported 30% revenue growth in Q3, driven by strong performance in US commercial and government markets, raising full-year guidance. I forecast 35% growth in Palantir's commercial business and 20% in government business, driven by AI adoption and strategic partnerships.
Palantir Silences The Naysayers
Palantir Technologies Inc. reported another stellar earnings report for Q3. The demand for the company's AI software continues to increase and is unlikely to slow down anytime soon. Despite this, Palantir's stock is priced for perfection and the company needs to constantly exceed expectations and raise guidance to retain the momentum.
Palantir Technologies Inc. (PLTR) Tops Q3 Earnings and Revenue Estimates
Palantir Technologies Inc. (PLTR) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.07 per share a year ago.
Super Expensive Palantir Drops Heavily Anticipated Q3 Earnings
Palantir Technologies Inc.'s Q3 earnings were strong, with revenue up 30% YoY to $726M and EPS beating estimates, but the stock remains expensive. US Commercial revenue surged 54% YoY, driven by AI demand, while US Government revenue grew 40% YoY, showing strong segment performance. Palantir's cash flow remains robust with $435M in adjusted free cash flow and $4.6B in cash, but valuation is at nosebleed levels.
Palantir stock pops: Why this analyst is on the sidelines.
Palantir Technologies (PLTR) shares jump in extended-hours trading after the company reported better-than-expected quarterly results. Morningstar equity analyst Malik Ahmed Khan joins Market Domination Overtime Hosts Julie Hyman and Josh Lipton to discuss why he's wary of Palantir stock.
