Palantir Faces Critical 'Prove Me' Moment: Analyst Says Commercial Growth Will Be 'Star Of The Show'
Portfolio Pulse from Surbhi Jain
Palantir Technologies Inc. (NYSE:PLTR) is set to release its Q2 earnings, with high expectations from Wedbush Securities' analyst Daniel Ives. Ives has maintained an Outperform rating and a $35 price target, citing Palantir's strong position in the AI market and its potential for significant commercial growth. The company's AI Platform (AIP) and bootcamp conversion strategy are key focal points. The upcoming earnings call is seen as a critical 'prove me' moment for Palantir.
August 02, 2024 | 12:35 pm
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Palantir is expected to deliver strong Q2 earnings, driven by its AI Platform (AIP) and commercial growth. Analyst Daniel Ives has set a $35 price target, maintaining an Outperform rating. The company's bootcamp conversion strategy and government deals are also key factors.
The positive analyst rating and high price target suggest strong short-term performance. Palantir's AI Platform and commercial growth are expected to drive significant revenue, while the bootcamp strategy accelerates deal conversions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100