All articles tagged with #palantir technologies inc
Palantir Technologies Inc. (PLTR) has broken through the 20-day moving average, signaling a short-term bullish trend and reaching a significant support level, making it a potential pick for investors from a technical perspective. With a Zacks Rank #3 (Hold) and positive earnings estimate revisions, the stock shows potential for further gains in the near future.
Palantir Technologies Inc. (PLTR) recently broke out above the 50-day moving average, indicating a short-term bullish trend. With shares up 33.4% over the past four weeks and a Zacks Rank #2 (Buy) stock, the company's positive earnings estimate revisions further strengthen the bullish case, making it a stock to watch for potential gains in the near future.
Palantir Technologies Inc. (PLTR) stock closed at $17.33, down 1.53% from the previous session, while the S&P 500 gained 0.29%. The company's stock has climbed 1.09% in the past month, falling short of the sector and S&P 500 gains. Investors are eagerly awaiting the upcoming earnings report, with expectations of a 100% increase in EPS and a 18.65% rise in revenue compared to the year-ago quarter. Analyst estimate revisions and the Zacks Rank system are being closely monitored for insights into the company's business outlook. The stock is currently rated as a Hold with a Forward P/E ratio of 59.92, indicating a premium compared to the industry average.
White House officials met with executives from Palantir Technologies Inc., Anduril Industries Inc., Fortem, Skydio Inc. and other defense companies to discuss battlefield technologies that can aid Ukraine in its bid to combat Russia’s invasion, exploring how the US might provide additional assistance to Kyiv.
Palantir Technologies Inc. (PLTR) outperformed the stock market with a 0.62% gain, surpassing the S&P 500's 0.59% increase. The company's shares have seen a decrease of 16.4% over the last month, not keeping up with the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16%. Analysts are predicting a 100% growth in EPS and an 18.65% increase in revenue for Palantir's upcoming financial results. Recent revisions in analyst projections and a Zacks Rank of #1 (Strong Buy) indicate optimism about the company's business and profitability. The stock is currently trading at a premium compared to its industry's average valuation.
Palantir Technologies Inc. (PLTR) has been trending as one of the most searched stocks. The stock has shown strong performance, with a +29.9% return over the past month. Analysts have revised their earnings estimates for the company, with a projected year-over-year change of +100% for the current quarter and +316.7% for the current fiscal year. The consensus sales estimate also indicates positive revenue growth. Palantir Technologies Inc. has a Zacks Rank #1 (Strong Buy) and is trading at a premium to its peers. Overall, the stock shows potential for outperforming the broader market in the near term.
Palantir Technologies Inc. (PLTR) reported Q3 revenue of $558.16 million, up 16.8% YoY, with EPS of $0.07. The reported revenue exceeded expectations, while the EPS surpassed estimates by 16.67%. Key metrics for the quarter include government revenue of $307.60 million (+12.3% YoY) and commercial revenue of $250.56 million (+22.8% YoY). Palantir's stock has returned +13.7% over the past month, outperforming the broader market.
Palantir Technologies Inc. (NYSE:PLTR) released the transcript of its Q3 2023 earnings call, providing insights into the company's financial results and performance during the quarter.
Palantir Technologies Inc.'s stock sank after a downgrade by Morgan Stanley analyst Keith Weiss, making it one of only 10 stocks in the Russell 1000 rated as a "sell" by at least 50% of analysts. Weiss cited concerns about the company's ability to translate its artificial intelligence offerings into significant revenue and its lack of a clear monetization strategy. Palantir's current valuation is seen as overly reflective of its AI promise, while its fundamentals are considered mismatched. The stock was down over 8% in Thursday morning trading, and the average price target is 8% below current levels.
Palantir Technologies Inc. has been downgraded by Morgan Stanley due to skepticism surrounding the company's claims of being a major player in artificial intelligence (AI). While the stock has seen significant gains this year, it is currently down more than 20% from its recent peak and over 60% from its 2021 high. Analysts believe that Palantir's valuation reflects "AI euphoria" and that the company is still in the early stages of determining a monetization strategy for its solutions. The downgrade comes after Palantir gave a sales forecast that was seen as disappointing, leading to a high ratio of sell ratings among analysts.