BUZZ-PREVIEW: Demand for AI tools seen boosting Palantir's earnings

Reuters02:33
BUZZ-PREVIEW: Demand for AI tools seen boosting <a href="https://laohu8.com/S/PLTR">Palantir</a>'s earnings

** Shares of Palantir PLTR.O rise 2.2% to $149.84 ahead of its quarterly earnings report due after markets close on Monday

** PLTR has seen rising demand for its military-grade artificial-intelligence tools. In October, PLTR announced a deal to use Nvidia's NVDA.O chips to help customers speed up decision making in complex fields such as logistics

** Wall Street analysts expect a ~61% jump in PLTR's revenue to $1.3 bln as well as adj EPS to rise 64% to 23 cents versus 14 cents a year ago

** PLTR's rev and adj EPS have met or exceeded analyst expectations every time over the last 8 quarters

** Of the 27 analysts covering PLTR, avg rating is "HOLD" and median PT is $200, unchanged over past month

** PLTR is down 15.8% YTD vs NASDAQ Composite Index's .IXIC 1.8% increase

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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