"PLTR stock trades at an earnings multiple that hasn't been seen since the Dot-Com bubble, at least not for a company of this size. It's why the stock cratered today despite Palantir reporting blockbuster earnings. All that said, it's worth looking deeper to see why the bulls are so confident about Palantir. It's a special company that has embedded itself in several governmental and commercial operations."
"Palantir's U.S. commercial revenue grew 121% year-over-year , with total revenue growth of 63% YOY. Full-year revenue guidance was also raised to 53% YOY. All of these numbers are above expectations. Total contract value (TCV) jumped 151% YOY to $2.76 billion, and U.S. commercial TCV surged 342% YOY. Free cash flow guidance was increased to a range of $1.9 billion to $2.1 billion. Almost every facet of the business is showing upward momentum."
"The stock still fell, due to "doubts" about whether or not AI companies were growing fast enough. Palantir may have beaten expectations, but the market expects these AI companies to beat the consensus by wider and wider margins. In short, the market appears to be desensitized to strong earnings reports. That said, Wall Street won't punish the stock for too long if Palantir keeps growing at this pace."
Palantir reported a red-hot quarter with U.S. commercial revenue up 121% year-over-year and total revenue up 63% year-over-year. Full-year revenue guidance was raised to 53% YOY while total contract value jumped 151% to $2.76 billion and U.S. commercial TCV surged 342% YOY. Free cash flow guidance increased to $1.9 billion–$2.1 billion. Palantir is embedded in governmental and commercial operations and has demonstrated the ability to scale efficiently, sometimes reducing headcount while growing. The stock fell on valuation concerns and market expectations for ever-larger AI beats, with a forward P/E near 284x.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]