Aug 10 at 03:36 AM
$Palantir Tech(PLTR.US) Palantir investors had been waiting for their own change of fortunes around earnings reports. In recent quarters, strong results haven't always translated into higher share prices, largely due to expectations that seemed almost impossible to satisfy. This time around, however, Palantir produced results that proved difficult for the market to dismiss. Its recent report showed revenue jumping 93% year-over-year to about $1.94 billion, while U.S. commercial revenue surged 149%. Management raised its full-year outlook as well, providing further evidence that businesses are spending heavily to bring Palantir's AI technology into their operations. Goldman analyst Gabriela Borges sees considerable promise in Palantir's AI opportunity as well, although her enthusiasm comes with more reservations. The analyst believes "the key to unlocking stock outperformance" will be how much of the growing enterprise AI budget Palantir can win as customers broaden their use of different models. Borges believes Palantir's ability to help enterprises put AI into everyday use could prove particularly valuable. However, investors may still remain cautious over investing in Palantir due to its ridiculously high p/e ratio compared to its peers, which is definitely understandable. Nonetheless, I am sure most of us holders are just glad to see Palantir finally getting some love after sliding for months and stagnating at 120 price range. @Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
