What's Going On With Palantir Stock?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares are trading higher in anticipation of its Q4 results, expected to report earnings of 8 cents per share on $602.41 million revenue. The company has previously beaten estimates and raised its full-year 2023 revenue guidance. Shares are up 105% over the last year, with interest in its AI positioning. Palantir does not pay dividends but may engage in buyback programs.
February 05, 2024 | 2:10 pm
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POSITIVE IMPACT
Palantir's stock is trading higher due to anticipation of its Q4 earnings report, with a history of beating estimates and a significant yearly gain driven by its AI positioning.
The anticipation of strong Q4 earnings based on past performance and raised guidance, along with the company's positioning in the AI space, are likely to positively impact Palantir's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100