Palantir Technologies Inc. (PLTR)
Palantir Stock Surges After Strong Earnings: Is $30 Too Low?
Palantir Technologies Inc. NYSE: PLTR stock is up more than 11% in pre-market trading after it released its second quarter 2024 earnings after the market closed on August 5, 2024. By any measure, this was a strong report.
Palantir's Incredibly Strong Q2 Earnings Reaffirm Our Thesis
Palantir Technologies Inc. had a strong Q2 2024 with 55% YoY commercial revenue growth and 24% government revenue growth. The company's ability to quickly ramp up to large contracts and increase margins as revenues grow is driving substantial profits. Despite a lofty valuation, Palantir's financial strength, growing profits, and ability to generate shareholder returns make it a valuable long-term investment.
Palantir News: DA Davidson Just Raised Its Price Target on PLTR Stock
Artificial intelligence (AI) software company Palantir (NASDAQ: PLTR ) stock drew a higher price target after reporting results that beat street estimates. Palantir earned $134 million, 6 cents per share, on revenue of $678 million during the quarter ending in June.
Analysts set Palantir (PLTR) stock price target after earnings
Thanks to a very strong second quarter (Q2) earnings report, Palantir (NYSE: PLTR) stock stood in stark contrast against most of the market in the extended session between August 5 and 6.
Palantir Q2: On Track To Take Over
Palantir stock dropped around 30% to $21, rebounding off 200-day MA support. Palantir reported strong earnings, with the government segment growing 24% and the U.S. commercial segment surging 55% YoY. Consensus estimates may be low for Palantir, with the potential for higher sales growth and profitability, maintaining a price target of $35-$50.
Palantir Earnings: The Best Is Yet to Come
You might be paying a premium, but great companies are rarely cheap.
Palantir Stock Escapes Earnings Unscathed. Why Wall Street Is Torn on Shares.
Software and data-integration firm Palantir is still dividing analysts, even after the software company posted an earnings beat and raise.
Palantir Stock Soars as "Unbridled Demand" for Artificial Intelligence (AI) Software Drives Strong Q2 and Annual Guidance Raise
Second-quarter revenue jumped 27% year over year, breezing by the 22% Wall Street expectation. Adjusted earnings per share (EPS) surged 80%, surpassing the 60% analyst consensus estimate.
Palantir provides bright spot against the backdrop of a tech meltdown
There was one bright spot in Monday's tech-inspired sell-off after Palantir Technologies Inc (NYSE:PLTR) raised its annual revenue and profit forecasts for the second time this year, driven by the rising demand for AI software services. After hours, the stock bucked the general market trend, surging 12%.
Palantir Q2: Strong Execution In U.S. Commercial Business
Strong execution in the US commercial segment with 70% growth year-over-year. Growth projections include 25% revenue growth for FY24 and a 22.5% growth rate starting in FY25. The fair value of Palantir's stock price is calculated to be $32 per share, with downside risks, including a high stock-based compensation percentage.
Watch These Palantir Price Levels as Stock Jumps After Guidance Boost
Palantir Technologies (PLTR) shares jumped in extended trading on Monday after the data analytics company topped Wall Street's quarterly estimates and raised its full-year outlook amid strong demand for its artificial intelligence (AI) software services.
Palantir: Incredible Acceleration Is Certifying The Multi-Year Bull Case
Shares of Palantir soared after reporting Q2 results, owing to a sharp acceleration in revenue growth to 27% y/y. The company accelerated both its government and commercial segments, and landed a significant number of large deals, including with the Department of Defense. Palantir also raised its full-year revenue growth outlook to 23% y/y, from a prior view of 20% y/y.
