What's Going On With Palantir Stock Monday?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) is in focus ahead of its Q1 earnings report, expected to post earnings of 8 cents per share on revenue of $625.431 million. Wedbush analyst Dan Ives maintains an Outperform rating with a $35 price target, highlighting potential strengths in the U.S. commercial sector and looking forward to updates on AIP customer conversion and deal trajectories. Last quarter, Palantir exceeded estimates with a 32% increase in commercial revenue, driven by a 70% rise in U.S. commercial revenue. The company has provided guidance for Q1 revenue between $612 million and $616 million and full-year 2024 revenue between $2.652 billion and $2.668 billion, anticipating GAAP net income in each quarter of 2024.
May 06, 2024 | 12:45 pm
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POSITIVE IMPACT
Palantir Technologies Inc is anticipated to report strong Q1 earnings, backed by a positive outlook from Wedbush analyst Dan Ives. The company's guidance for 2024 and its performance in the U.S. commercial sector are key factors to watch.
The anticipation of strong Q1 earnings and the positive analyst rating from Wedbush suggest a potential short-term uplift in PLTR's stock price. The company's past performance and future guidance provide a solid foundation for investor confidence, likely leading to a positive impact on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100