Recession-Proof System Revealed!

This strategy is largely traded by hedge funds, but has been kept a secret from retail traders for decades. While hedge funds focus on helping the super-rich, it's our mission to help the rest. Now you can use their secrets to grow your own trading account!

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

Government Surveillance Contractor Palantir's AI Tactics Under Microscope By Wall Street Analysts: Must 'Demonstrate' Growth To Justify Valuation

Chris Katje
May 07, 2024

Software and data analytics company Palantir Technologies (NYSE:PLTR) reported first-quarter financial results after market close Monday.

Analysts size up the first-quarter earnings beat and what's next for the company.

The Palantir Analysts: Goldman Sachs analyst Gabriela Borges has a Neutral rating and raised the price target from $13 to $14.

Mizuho analyst Gregg Moskowitz has a Neutral rating and $21 price target.

Related Link: Palantir Stock Is Falling Tuesday: What’s Going On?

Goldman Sachs on Palantir: The company's Bootcamp interactive workshop could be in the early stages of conversion, according to Borges.

"We believe investors will focus on the sustainability of US Commercial growth to underwrite whether Palantir can maintain or accelerate 20%+ total revenue growth over the medium term," Borges said.

The analyst said Palantir beat revenue estimates from analysts and raised its full-year revenue and operating income guidance.

"We continue to view Palantir as uniquely positioned to leverage its core data stitching competencies into enterprises that are looking to deploy AI use cases."

The analyst said over 915 organizations have participated in AI boot camps to date, with 136 deals closed in the first quarter.

"We look to gauge to what extent Palantir can consistently convert bootcamps into bookings and revenue as we believe this go to market is still in the early stages of being formalized."

Mizuho on Palantir: The company's artificial intelligence platform showed encouraging signs, Moskowitz said.

The analyst said the first-quarter financial report was solid with "healthy revenue upside."

"The rebound in Government was a pleasant surprise, although the Commercial beat coming entirely from strategic commercial contracts was not," Moskowitz said.

The analyst said the strong report and raised guidance "could help alleviate potential investor concerns."

"We believe PLTR needs to consistently demonstrate stronger execution and growth in order to justify a higher valuation."

The analyst said Palantir showed strong momentum for its AI Platform, with high demand coming from U.S. enterprises.

"Mgmt also reiterated that it is seeing exceptional interest in its AIP bootcamps, which are helping PLTR meaningfully compress sales cycles as new customers are landing and expanding at an accelerating rate."

The analyst's $21 price target is based on an enterprise value divided by sales multiple of 18.5x for 2024 estimates and 15.5x for 2025 estimates. Moskowitz said the premium multiple to other enterprise software companies is based on Palantir's "strong strategic positioning with large customers and the potential for accelerated growth in future years."

PLTR Price Action: Palantir shares are down 14% to $21.65 on Tuesday, versus a 52-week trading range of $8.66 to $27.50. Palantir shares are up 180% over the last year.

Read Next: Wedbush’s Dan Ives Smells ‘Golden Buying Opportunity’ In Palantir’s Pullback After Q1 Earnings As He Lauds ‘Jalen-Brunson-Like’ Performance

Photo: World Economic Forum on Flickr 

Continue Reading...

Popular

This New Lockdown Could Be Ugly. Are You Prepared? - Ad

A massive crisis could begin to hit America before the election and trigger an unprecedented response from our federal government. I'm talking about the potential for financial lockdowns where your bank account is under bureaucratic control. If you have money in the stock market or U.S. banks ...watch this short video.

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

From Nvidia's Stock Split, Intel's Revitalized AI Strategy To Tesla's Chip Saga: This Week In The World Of AI

Industry giants Nvidia and Intel made major moves this week, including a 10-for-1 stock split and new AI chips. Foxconn also predicts AI server sales surge.

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Apple has announced a suite of AI-powered features for iPhones, calling it Apple Intelligence. However, these features will be limited to select iPhones.

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year

Nvidia's 10-for-1 stock split goes into effect on Monday, giving investors nine additional shares for every one that they already own.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

Why Is AMD Stock Trading Lower On Monday?

Morgan Stanley downgrades AMD due to high valuations and competition from Nvidia. However, analyst believes AMD will continue to gain market share.

Visa's Mark Nelsen wants to make your plastic credit card obsolete

Mark Nelsen, Visa’s global head of consumer payments, sees a world where the plastic card in your wallet becomes increasingly obsolete and the standard 16-digit account number becomes worthless.

Did You Know You Could Already Have an ESG Score? - Ad

As we speak, the powers that be are building a full-scale social credit system... And soon, it could be used to control the way you live your life. Legendary financial forecaster, Dr. Martin Weiss recorded an urgent message on how to prepare, including the three steps you should consider RIGHT NOW.

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices

NEW YORK (AP) — Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more in regions where the company has major corporate offices, CEO Andy Jassy announced Tuesday.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Stuck at sea for years, a sailor's plight highlights a surge in shipowner abandonment

Abdul Nasser Saleh says he rarely got a good night’s sleep during the near-decade he spent working without pay on a cargo ship abandoned by its owner at ports along the Red Sea.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

Democrats urge Justice Department to prosecute alleged collusion and price-fixing by oil industry

WASHINGTON (AP) — Senate Majority Leader and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry.

This NYC vet makes house calls. In 'Pets and the City,' she's penned a memoir full of tails

NEW YORK (AP) — As a city kid, Amy Attas had big dreams of roaming the countryside, healing animals a la James Herriot's classic

Nvidia Is Now Part of $3 Trillion Market Cap Club - Ad

Nvidia has become the third company ever to have a market cap greater than $3 trillion. And now, Nvidia is pivoting to the next AI frontier it plans to conquer. This recent move is valued at $1 trillion... at least. A small handful of Nvidia's other partners could see their own stocks benefit from it.

Ship attacked by Yemen's Houthi rebels was full of grain bound for Iran, the group's main benefactor

DUBAI, United Arab Emirates (AP) — A Greek-owned, Marshall Islands-flagged bulk carrier that came under attack by earlier this week had a cargo of grain bound for Iran, the group's main benefactor, authorities said Thursday.

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

ATLANTA (AP) — In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Another Blow For Kremlin? This Key Russian President's Ally Is Quitting Moscow's Rival To NATO

Armenia has announced its intention to withdraw from the Russian-led Collective Security Treaty Organization (CSTO), signaling a major blow to President Vladimir Putin's alliance strategy.

As the need for copper rises, cable manufacturers recycle more

MONTREAL (AP) — In an industrial suburb of Montreal, sheets of copper move along a conveyor belt suspended four stories above the floor of a foundry — a metals plant — until they drop into a lava-hot furnace. Next come pieces of discarded copper wire.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

Shawn Fain, the president of the United Auto Workers, is under investigation by an independent federal monitor for alleged retaliation against other union leaders.

XPeng's Flying Car Takes Off In China, Aims For Commercialization By End Of The Year

China's XPeng Inc. successfully showed off its flying car, the X2, at a trade fair, signaling a push towards commercialization in the low-altitude economy.

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

Why BioSig Technologies (BSGM) Shares Are Down Over 60%

BioSig Technologies shares are trading lower by 67% during Tuesday's session. The company said it was notified by the Nasdaq Hearings Panel that its common stock will be delisted.

Broadcom Shares Are Surging: What You Need To Know

Broadcom Inc. (NASDAQ: AVGO) shares are trading higher Monday afternoon. The significant rise follows the company's impressive second-quarter financial results, robust revenue guidance and the announcement of a 10-for-1 forward stock split.

What President Biden's New Law Means for Investors - Ad

President Biden just signed a new law approving billions of dollars for one small but growing industry, and investors like Bill Gates and Peter Thiel are all over it. This expert just went public with all the details, including which stocks to jump on immediately.

Wall Street Holds Breath After Record Close For Fed Decision, CPI Data: Why This Analyst Sees Positive Inflation Trends Ahead

U.S. stock futures point to a weak start on Tuesday, signaling a pause after Monday’s record run. Global cues are negative and commodity prices weakened as well.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service