$Palantir Technologies Inc.(PLTR)$ Palantir $PLTR CEO Alex Karp just said
“We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners”
Palantir trading at new all-time highs after a double beat for the third quarter!
~EPS: $0.06 vs $0.04 est
~SALES: $725.52M vs $701.13M est
~Sees FY24 Sales $2.80B-$2.81B vs $2.76B est
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Here is the latest information on Palantir Technologies Inc. (PLTR):
Stock Name: Palantir Technologies Inc.
Stock Code: PLTR
Current Stock Price: $41.41(USD)
Yesterday's Closing Price: $41.92(USD)
52-Week High: $45.14(USD)
52-Week Low: $15.66(USD)
Market Cap: $92.74B(USD)
Circulating Market Cap: $85.25B(USD)
Total Share Capital: 2.24B
Float Share Capital: 2.06B
Trading Volume: 60.65M
Trading Value: $2.56B(USD)
Volume Ratio: 1.70
P/E Ratio (TTM): 244.393
P/E Ratio (LYR): 423.809
Price-to-Sales Ratio (TTM): 37.41
Price-to-Book Ratio: 22.89
Return on Assets (ROA): 3.98%
Return on Equity (ROE): 11.49%
Earnings per Share (TTM): $0.17
Earnings per Share (LYR): $0.10
Analyst Recommendation: 3 recommend, 1 buy, 10 hold, 4 underperform, 2 sell.
Analyst Target Price: The mean target estimate from 17 analysts is $28.85353, with a low estimate of $9.0 and a high estimate of $50.0.
Palantir's recent third-quarter earnings exceeded expectations, with an EPS of $0.06 (beating the estimate of $0.04) and sales of $725.52 million (beating the estimate of $701.13 million). The company also provided a positive outlook for FY24 sales, expecting $2.80 billion to $2.81 billion, surpassing the estimated $2.76 billion.
Please note that the stock is currently trading at all-time highs. However, it's important to carefully evaluate the risks and market conditions before making any investment decisions.
If you would like more information or have any other questions, feel free to ask!Based on the information gathered, here are the key points regarding Palantir Technologies Inc. (PLTR):
Earnings: Palantir reported third-quarter earnings per share (EPS) of $0.06, beating the analyst consensus estimate of $0.04.
Source: Palantir Technologies Q3 2024 GAAP EPS $0.06 Beats $0.04 Estimate, Sales $725.516M Beat $701.130M Estimate
Sales: Palantir's quarterly sales for Q3 2024 were $725.52 million, exceeding the estimated sales of $701.13 million.
Source: Palantir Technologies Q3 2024 GAAP EPS $0.06 Beats $0.04 Estimate, Sales $725.516M Beat $701.130M Estimate
Annual Sales Forecast: Palantir raised its annual revenue forecast for 2024 and expects sales in the range of $2.80 billion to $2.81 billion, surpassing the estimated sales of $2.76 billion.
Source: Palantir raises 2024 revenue forecast again on robust AI adoption
CEO Statement: Palantir CEO, Alex Karp, expressed confidence in the company's performance, stating that they have eviscerated this quarter driven by unrelenting AI demand. He emphasized that Palantir plans to power the winners in the U.S.-driven AI revolution.
Source: No specific article provided
Stock Performance: Palantir's stock is currently trading at around $41.41 per share, with a 52-week range of $15.66 to $45.14.
Source: Stock Quote Latest function
Please note that the news articles mentioned above provide further details and analysis regarding Palantir's financial performance and outlook.
Based on the available information, Palantir's recent earnings beat and raised revenue forecast for 2024 indicate positive performance. However, it's important to consider market conditions, industry trends, and individual risk tolerance before making any investment decisions.
Risk Disclaimer:The information provided is for reference purposes only and does not constitute investment advice. It is crucial to conduct thorough research and analysis or consult with a qualified financial advisor before making any investment decisions. Investing in stocks involves risks, including the potential loss of principal amount invested.
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