JackQuant
12-09

$Palantir Technologies Inc.(PLTR)$

$Palantir Technologies Inc.(PLTR)$ still shows incredible strength moving from ATH to new ATH every week since November despite FUD of people calling it a bubble, but its not.

Here are some facts about it :

  • Revenue: Palantir reported $525 million in revenue for Q2 2024, a 14% YoY increase. The company has been growing steadily with its focus on government and commercial contracts. 📊

  • EPS: Earnings per share (EPS) for Q2 2024 were $0.05, up from $0.04 in the same period last year. 📈

  • Gross Margin: Strong at 79%, indicating efficient operations. 💪

  • Customer Growth: The company had 312 customers by the end of Q2 2024, a 26% increase YoY, with notable growth in commercial sector clients. 📈

  • Cash Flow: Free cash flow was positive, supporting Palantir's business model focused on high-margin, long-term contracts. 💰

  • Valuation: As of now, Palantir's market cap is around $50 billion, trading at a high multiple due to its growth potential in AI and big data analytics. 🚀

The stock just keeps soaring, gaining momentum as investors get excited about its expanding role in big data and AI. 📊 With strong demand for its analytics platform, will this upward trend continue? 🔥

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • PhoebeReade
    12-09
    PhoebeReade
    Palantir's growth story is impressive
    • JackQuant: 

      following it since the first day haha

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