What's Going On With Palantir Technologies Stock Monday?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) is set to report its Q2 earnings after the market close on Monday. The company is expected to report earnings of 8 cents per share and revenue of $652.141 million. Palantir has shown consistent GAAP profitability and significant customer growth. Analyst Dan Ives has set a bull-case price target of $50, citing the company's potential in AI and government deals. Palantir shares are down 12.6% at $21.62 ahead of the earnings report.
August 05, 2024 | 1:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Palantir Technologies is set to report Q2 earnings with expected EPS of 8 cents and revenue of $652.141 million. The company has shown consistent GAAP profitability and significant customer growth. Analyst Dan Ives has set a bull-case price target of $50, citing the company's potential in AI and government deals. Shares are down 12.6% ahead of the earnings report.
Palantir's upcoming earnings report is highly anticipated, with expectations of continued profitability and revenue growth. Analyst Dan Ives' bullish price target and positive outlook on the company's AI and government deal potential add to the positive sentiment. However, the current 12.6% drop in share price indicates market caution ahead of the earnings release.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100