$25 Palantir’s Artificial Inte

2023-08-13

$25

Palantir’s Artificial Intelligence Platform (AIP) was only launched around 10 weeks ago but appears to already be gaining traction. In fact, in his letter to shareholders, CEO Alex Karp said demand for the AIP platform “is unlike anything we have seen in the past twenty years.”

The company is actively working with over 300 businesses to implement AIP. These businesses are all in pursuit of an effective and safe way to integrate the newest LLMs into their internal systems and proprietary data.

And due to the growing demand, the company increased its FY23 revenue guidance to more than $2.212 billion compared to the previous $2.185 billion – $2.235 billion range. Consensus had that figure at $2.212 billion. For Q3, Palantir guided above the Street as well, calling for revenue between $553 million – $557 million vs. the analysts’ expectation of $553.1 million.

Will PLTR hit $20 amid Israel-Hamas conflict?

PLTR stock jumped 6% yesterday. Palantir is a geopolitical trade of the decade. Its earnings report shows its services would continue to be in high demand. ------------------ Will Palantir go up on the Israel-Hamas conflict? What's the target price for PLTR?

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