Palantir Reports Record Growth and Strong Commercial Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy PLTR?
Source: Fool
- Significant Revenue Growth: Palantir's latest quarter saw U.S. commercial revenue soar by 137% to $507 million, demonstrating the successful transformation of its business model amid surging demand for its AI Platform (AIP), thereby solidifying its market position.
- Customer Base Expansion: The number of U.S. commercial customers has skyrocketed from just 14 five years ago to 571 today, indicating a substantial increase in the company's penetration in the commercial sector and leaving ample room for future growth.
- Record Contract Value: The total contract value in the U.S. commercial sector reached a record $1.3 billion, reflecting clients' trust and reliance on Palantir's services, which bodes well for sustained revenue growth in the future.
- Optimistic Strategic Outlook: With the ongoing rise in AI demand, Palantir's commercial business is poised for continued robust growth, especially with existing customers expanding their contracts and significant new contracts, promising positive returns for shareholders.
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Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLTR is 192.88 USD with a low forecast of 50.00 USD and a high forecast of 255.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 130.010
Low
50.00
Averages
192.88
High
255.00
Current: 130.010
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Palantir Technologies Achieves Record Growth Again
- Significant Revenue Growth: Palantir achieved a remarkable 137% year-over-year increase in U.S. commercial revenue, reaching $507 million in the latest quarter, demonstrating strong demand and profitability in the commercial market, further solidifying its leadership in data analytics.
- Customer Base Expansion: The number of U.S. commercial customers surged from 14 five years ago to 571 today, indicating a substantial rise in demand for its Artificial Intelligence Platform (AIP) among enterprises, suggesting continued growth potential ahead.
- Record Contract Value: The company reported a record total contract value of $1.3 billion in the U.S. commercial sector, reflecting clients' trust and reliance on Palantir's solutions, which further drives revenue growth and market share.
- Optimistic Strategic Outlook: With the proliferation of AIP, Palantir's commercial business has doubled in the past year, and given the current strong demand for AI, it is expected to continue driving performance growth, providing substantial returns for shareholders.
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Palantir Reports Record Growth and Strong Commercial Outlook
- Significant Revenue Growth: Palantir's latest quarter saw U.S. commercial revenue soar by 137% to $507 million, demonstrating the successful transformation of its business model amid surging demand for its AI Platform (AIP), thereby solidifying its market position.
- Customer Base Expansion: The number of U.S. commercial customers has skyrocketed from just 14 five years ago to 571 today, indicating a substantial increase in the company's penetration in the commercial sector and leaving ample room for future growth.
- Record Contract Value: The total contract value in the U.S. commercial sector reached a record $1.3 billion, reflecting clients' trust and reliance on Palantir's services, which bodes well for sustained revenue growth in the future.
- Optimistic Strategic Outlook: With the ongoing rise in AI demand, Palantir's commercial business is poised for continued robust growth, especially with existing customers expanding their contracts and significant new contracts, promising positive returns for shareholders.
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- Significant Revenue Growth: Palantir achieved a remarkable 137% year-over-year increase in U.S. commercial revenue, reaching $507 million in the latest quarter, demonstrating strong demand and profitability in the commercial market, further solidifying its leadership in data analytics.
- Customer Base Expansion: The number of U.S. commercial customers surged from 14 five years ago to 571 today, indicating a substantial rise in demand for its Artificial Intelligence Platform (AIP) among enterprises, suggesting continued growth potential ahead.
- Record Contract Value: The company reported a record total contract value of $1.3 billion in the U.S. commercial sector, reflecting clients' trust and reliance on Palantir's solutions, which further drives revenue growth and market share.
- Optimistic Strategic Outlook: With the proliferation of AIP, Palantir's commercial business has doubled in the past year, and given the current strong demand for AI, it is expected to continue driving performance growth, providing substantial returns for shareholders.
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- Rapid Approval Process: The bank received approval less than eight months after applying, indicating regulatory support for emerging financial institutions, which may encourage more similar entities to seek legitimacy.
- Filling Market Gaps: Erebor plans to serve technology businesses in AI, crypto, defense, and manufacturing, aiming to fill the funding void left by the collapse of Silicon Valley Bank, thereby assisting startups in accessing critical capital.
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- Significant Revenue Growth: Palantir's latest quarter saw U.S. commercial revenue soar by 137% to $507 million, demonstrating the successful transformation of its business model amid surging demand for its AI Platform (AIP), thereby solidifying its market position.
- Customer Base Expansion: The number of U.S. commercial customers has skyrocketed from just 14 five years ago to 571 today, indicating a substantial increase in the company's penetration in the commercial sector and leaving ample room for future growth.
- Record Contract Value: The total contract value in the U.S. commercial sector reached a record $1.3 billion, reflecting clients' trust and reliance on Palantir's services, which bodes well for sustained revenue growth in the future.
- Optimistic Strategic Outlook: With the ongoing rise in AI demand, Palantir's commercial business is poised for continued robust growth, especially with existing customers expanding their contracts and significant new contracts, promising positive returns for shareholders.
See More
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- Popularity of Robinhood: Robinhood has successfully attracted a large number of retail investors by offering commission-free trading and fractional share purchases, with its '100 Most Popular' leaderboard showing that the Vanguard S&P 500 ETF and SPDR S&P 500 ETF Trust rank as the fifth and ninth most held securities, reflecting retail investors' preference for S&P 500 exposure.
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- Record Contracts for Palantir: The company closed 180 deals in Q4, totaling $4.26 billion in contract value, up 138% from the previous year, showcasing its strong competitive position and expanding customer base in the market.
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