Palantir Technologies (PLTR) Reports 70% Revenue Growth to $1.4B
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowPalantir Technologies (PLTR) reported a 70% year-over-year revenue increase, reaching $1.4 billion last quarter. The company's U.S. commercial revenue significantly contributed to this growth. Palantir's Rule of 40 score is reported at 127%. Current stock price is around $146, giving it a market cap of approximately $350 billion. Wedbush analyst Dan Ives suggests the stock could reach a valuation of $1 trillion within two to three years, implying a 186% share price increase to $418 to join the $1 trillion club.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Palantir Technologies Inc. (PLTR)
Palantir Technologies makes data-analytics and AI software for governments and enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier PLTR news
- Lumen Technologies (LUMN) Gains Speculation After Partnerships
- FAA Selects Palantir (PLTR) and Thales for AI Tool Development
- Palantir (PLTR) Trades at High Valuation Amid Defense Contracts
- Palantir (PLTR) Stock Drops 35% from All-Time High Amid AI Boom
- Palantir (PLTR) Worth Less Than $50, Michael Burry Bets Against it
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