Palantir’s Stock On a Tear
A Quick Overview
The palantir stock has sprouted like a mushroom, breaking $28 a share to set yet another 52-week high following the company’s better-than-expected earnings report.
The company’s latest earnings report revealed a 21% climb in bookings, with its government revenue growing significantly and commercial revenue doubling. Plus, Palantir raised its full-year revenue guidance.
Investors have been eager to hear that Palantir won a number of recent government contracts, including a multi-year deal with the U.S. Army.
Key Takeaways
Here are a few other key takeaways from the earnings report:
- Palantir's total revenue was $446.2 million, up 21% year-over-year.
- Government revenue was $265.7 million, up 28% year-over-year.
- Commercial revenue was $180.5 million, up 104% year-over-year.
- Palantir's net loss was $101.4 million, or $0.08 per share.
- Adjusted earnings per share was $0.02, beating analyst estimates of a loss of $0.02 per share.
Wall Street’s Reaction
Wall Street has been very positive on Palantir's earnings report. Several analysts have raised their price targets on the stock, and some have even initiated coverage with a buy rating.
The Future of Palantir
Palantir is well-positioned for continued growth in the future. The company has a strong track record of innovation, and its platform is used by some of the world's largest organizations.
As the world becomes increasingly data-driven, Palantir is likely to play an increasingly important role. The company's technology can help organizations make better decisions, which can lead to better outcomes for everyone.
Conclusion
Palantir's stock has been on a tear lately, and there's no reason to believe that this trend will end anytime soon. The company is well-positioned for continued growth in the future, and its technology is likely to play an increasingly important role in the world.
