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.
Palantir Technologies Inc.'s Q3 results exceeded expectations, driven by AI-led growth, but the stock is treated as speculative, making current valuations unjustified. Despite strong governance and growth, Palantir's valuation is overextended, reminiscent of the .com boom, suggesting caution for serious investors. Palantir's intrinsic enterprise value is estimated at $46.06 billion, indicating a 49% negative margin of safety from its current enterprise value of $90.23 billion.
Palantir Technologies (PLTR) stock just surged to a fresh record high on the heels of an upbeat third-quarter earnings report.
CNBC's Deidre Bosa joins 'Money Movers' to discuss how government is embracing AI and which stocks are benefitting.
Dion Hinchcliffe believes Palantir's (PLTR) "multi-quarter success story" shows strength for the company and its peers. However, he worries its valuation will come into question.
Palantir Technologies (PLTR) shares rocketed higher Tuesday after last night's earnings results comfortably beat expectations. Some analysts remain wary that the analytics software provider is overvalued.