The federal government is Palantir’s biggest customer, and the company got its start serving counterterrorist agencies and helping them connect the dots in disparate pieces of data. Beth has over ten years of experience in competitive and product analysis in the tech industry dating back to 2011. Her experience comes from a decade of analyzing tech companies, tech products, and startups, and when tech overtook oil in 2010 as the world’s most valuable industry, Beth was at the forefront of this change in Silicon Valley. Beth’s tech conference appearances date back to 2014 and her analysis began garnering press in the same year. She is known for making bold calls on tech stocks and offers weekly free analysis that leverages her ten years of experience in the private markets.

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As a result, I don’t think investors should buy Palantir stock before Feb. 3; instead, they should consider selling some. Palantir got attention from investors for its AI platform and its broader potential in AI, but the company’s business model is software-as-a-service, and it’s already one of the most valuable in that sector. As you can see, the company’s price-to-sales ratio has nearly quadrupled over the last year. The P/S ratio isn’t a perfect measure of valuation, but 67.5 is off-the-charts high. A P/S of 20 is typically considered expensive, even in an industry like software where stocks tend to earn high valuations. In the last year or two, Palantir went from a speculative cloud stock to a viable and growing business.

NVDA & PLTR Dip “Buying Opportunity,” Quantum “So Early” to Trade

These returns cover a period from January 1, 1988 through December 30, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Additionally, on June 4, 2024, Palantir secured a $33 million contract from the Pentagon to wlkp stock forecast, price and news develop a data-sharing ecosystem called Open DAGIR. Federal Government, Palantir has expanded its services to state and local governments and private corporations. Meanwhile, key contracts and partnerships have significantly bolstered Palantir’s growth. Palantir Gotham serves intelligence and defence needs for militaries and counter-terrorism, while corporate clients utilise Palantir Foundry for data integration and analysis. Palantir Apollo supports continuous integration and delivery across all environments.

Research Analysis: PLTR

This is not a methodology that the traditionally trained can learn or repeat. Palantir is at Mount overview Everest valuations, trading at topline multiples more than double the next three most expensive enterprise and AI-exposed SaaS stock in the market – Cloudflare, ServiceNow, and CrowdStrike. At $55, Palantir is valued at 50x TTM revenue, and 45x forward revenue – its highest ever multiples, exceeding even 2021’s peak – versus 18x to 20x forward revenue for those three peers.

• Analysts remain sidelined about PLTR stock, with a Hold consensus rating based on three Buys, five Holds and six Sells.
• Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
• The flagship ARK Innovation Fund (ARKK) has continued to underperform the broad market in the past few years as some of its prominent …
• But in the nearly two decades since its founding, its offerings have become much wider.
• Palantir Apollo supports continuous integration and delivery across all environments.
• In Q alone, they signed 123 new commercial deals, almost double the number from the same period last year.

Company Insights: PLTR

Palantir guided for US commercial revenue to exceed $687 million, or 50% YoY growth, for FY24, implying Q4 revenue of at least $199 million, or ~52% YoY growth, representing a 2 point deceleration should it meet that target. Palantir’s third quarter was characterized once again by strong underlying AI momentum. Palantir beat Q3 revenue expectations by more than $21 million, reporting revenue of $725.5 million in the quarter.

• A comprehensive understanding of these and other factors is crucial for anyone considering trading PLTR stock.
• Beth’s tech conference appearances date back to 2014 and her analysis began garnering press in the same year.
• Discover which analysts rank highest on predicting the price target of PLTR.
• The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
• The rule of 40 states that the sum of the revenue growth and profit margin should be at least 40%.
• Beth uses a unique methodology to carefully form a thesis and this has placed her on the map as one of the best tech analysts in the market.

  No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Palantir Technologies Inc PLTR joined the prestigious Nasdaq-100 index on Dec. 23, a milestone often seen as a vote of confidence for companies with promising growth trajectories. Palantir Technologies could benefit from a ‘tidal wave of federal spending on AI,’ according to analysts at Wedbush. “We are working together to provide a new generation of defense contractors,” one person involved in organizing the group reportedly said.

Traders may buy when the price breaks above a resistance level or sell when it falls below a support level. This 9 best investments in 2021 strategy can capture strong price movements, but false breakouts may occur, leading to potential losses if the anticipated trend fails to materialise. Palantir (PLTR) is making headlines after posting a beat-and-raise quarter a few weeks ago on August 5.

Methods for Trading Palantir Stock

Share prices of the artificial intelligence (AI)-focused data fusion specialist are up 332% year-to-date through Dec. 19. The stock soared as its revenue growth accelerated over the last five quarters and its profit margins expanded significantly. This week, Palantir proved again in Q3 that it’s undeniably one of the stronger AI software stocks in the market outside of the cloud hyperscalers. The company reported visible AI-driven growth and persisting business momentum for AIP, strong revenue acceleration to 30% YoY, combined with strong profitability – a rare combination for growth stocks. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Initial AIP customers are beginning to appear in NRR, and a few more quarters will provide a clearer picture of how far NRR could expand and at what level it will plateau. Most importantly, NRR has risen to a two-year high, while RPO is surging, suggesting customer spend could remain elevated for the next few quarters. Revenue growth continued to accelerate, with Palantir reporting revenue growth of 30.0% in Q3, ahead of its guidance for 25.2% growth and up from 27.2% in Q2.