$Palantir Technologies Inc.(PLTR)$
$Palantir Technologies Inc.(PLTR)$ 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? 🔥
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- PhoebeReade·12-09Palantir's growth story is impressiveLikeReport