"So far this year, the stock is up nearly 162%, and since its October 2022 IPO, PLTR has surged an eye-catching 2,039.73%. In September, it was reported that the company agreed to a £1.5 billion defense deal with the U.K. That comes not he back of an announcement in early August that the U.S. Army is consolidating 75 contracts into a single 10-year arrangement with Palantir valued at $10 billion."
"When the company reported Q2 earnings on Aug. 4, it announced that revenues saw year-over-year growth of 48% and topped $1 billion in quarterly revenue for the first time ever, while U.S. government revenues rose 53% from the year-ago period to $426 million. Palantir beat on earnings with 16 cents per share versus Wall Street's expectations of 14 cents per share."
Palantir Technologies shares rose 11.94% over the past five trading sessions after a prior five-session loss of 3.86%. The stock is up nearly 162% year-to-date and about 2,039.73% since its October 2022 IPO. The company secured a £1.5 billion U.K. defense deal and a consolidated U.S. Army 10-year arrangement valued at $10 billion. Q2 revenue grew 48% year-over-year, surpassing $1 billion for the first time, with U.S. government revenue up 53% to $426 million and earnings of $0.16 per share beating expectations. Full-year revenue guidance was raised to $4.142–4.150 billion. Institutional ownership fell to 53.78% amid notable portfolio reductions. The forward P/E of 225.76 indicates a high valuation and a long implied payback period.
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