Palantir (PLTR) reported quarterly revenue that beat analysts' expectations and raised its full-year outlook on strong demand for its artificial intelligence software.
Palantir Technologies raised its full-year outlook after logging higher profit and revenue in the first quarter, fueled by continued demand for its artificial intelligence products.
Palantir Technologies Inc (NYSE:PLTR) on Monday beat Wall Street estimates for first-quarter revenue and raised its full-year forecast, driven by surging demand for its artificial intelligence software in the US commercial market. Revenue rose 39% from a year earlier to $884 million in the quarter ended March 31, topping analysts' average estimate of $862.8 million, according to LSEG data.
Palantir upped its forecast for the year after posting an AI-fueled beat in the latest quarter.
Palantir is firing on all cylinders heading into earnings. The company is expected to post revenue growth of 35.9% when it reports tonight.
Palantir (PLTR) is scheduled to report quarterly results after the bell Monday, with analysts largely taking a wait-and-see approach on the artificial intelligence software firm.
Shares of Palantir Technologies Inc. (NASDAQ: PLTR) remained flat in a.m.
Most Mag 7 earnings are in the rearview mirror, but tech will continue to dominate the earnings discussion. Kevin Green talks about Palantir's (PLTR) commercial revenue focus, AMD Inc.'s (AMD) push to compete against Nvidia (NVDA), and Uber Technologies (UBER) eating into competitors' market share.
The Fed will announce its decision on interest rates on Wednesday. And it's another crowded week for earnings, with reports coming from Uber, ConocoPhillips, Ford, and many more.
The allure of artificial intelligence (AI) has dominated the stock market for over two years. AI is not just an interest among investors -- it's become a bit of an obsession.
Palantir Technologies is currently worth $269 billion. But these Wall Street analysts think Intuitive Surgical (ISRG 2.29%) and ServiceNow (NOW 2.00%) can top that figure in 2026:
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