However, Q4’s revenue guidance implies a larger sequential deceleration than what was expected for Q3, while US commercial net new adds continue to admiral markets autochartist decline sequentially. This may sound like splitting hairs, but the company is priced far above what any peer is trading, and that typically doesn’t resolve well for tech investors. For FY24, Palantir is targeting adjusted free cash flow in excess of $1 billion, implying a margin of ~36%. Fundamentally, to have revenue growth around 30%, free cash flow margin of 30%, and adjusted operating margin nearing 40% is impressive, to say the least.

MarketBeat Products

This peak may have reflected the initial enthusiasm and strong performance following its listing. That was far from a foregone conclusion — for a long time, institutional investors were quite skeptical of the Alex Karp-led venture on account of its high valuation and seeming overreliance on government contracts. Those concerns never really faded away — instead, a string of impressive earnings calls and a strong upward trajectory in terms of price finally won out over the drawbacks. Palantir is a profitable business with diverse revenue streams and is continuously gaining market share. Although it isn’t cheap at the moment, value investing is a marathon, not a sprint.

Premium Investing Services

Palantir Technologies Inc. (PLTR Quick QuotePLTR – Free Report) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Almost everyone loves strong dividend-paying stocks, but high yields can signal danger.

  No cost, no obligation to buy anything ever.Past performance is no guarantee of future results.

Palantir closes below first trade after NYSE debut

Given my bullish stance on Palantir, it’s important to understand the company’s story before investing in it. This is especially true because SaaS companies can be rather complicated, and Palantir is no exception. Valuation eventually matters, and sometimes it takes a disappointing piece of news like a bad earnings report for investors to be reminded of that. As you can see Palantir is still much smaller than its peers by revenue, showing it has a lot of catching up to do to justify its market cap and to move up in the market cap rankings above. US commercial revenue increased 54% YoY and 13% QoQ to $179 million, slightly decelerating 11 best freelance php developers from 55% YoY growth in Q2.

Trend Trading

The federal government is Palantir’s biggest customer, and the company got its start serving counterterrorist agencies and helping them connect the dots in disparate pieces of data. Beth has over ten years of experience in competitive and product analysis in the tech industry dating back to 2011. Her experience comes from a decade of analyzing tech companies, tech products, and startups, and when tech overtook oil in 2010 as the world’s most valuable industry, Beth was at the forefront of this change in Silicon Valley. Beth’s tech conference appearances date back to 2014 and her analysis began garnering press in the same year. She is known for making bold calls on tech stocks and offers weekly free analysis that leverages her ten years of experience in the private markets.

Palantir’s three main projects include Palantir Gotham, Palantir Apollo, and Palantir Foundry, each playing a crucial role in the company’s operations. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This showcases how expensive Palantir’s stock is, but there’s an even more telling analysis.

• Her experience comes from a decade of analyzing tech companies, tech products, and startups, and when tech overtook oil in 2010 as the world’s most valuable industry, Beth was at the forefront of this change in Silicon Valley.
• As of 2022, Stephen Cohen, co-founder Alexander Karp, and Peter Thiel were president, CEO, and Chairman respectively.
• For Palantir Technologies, the consensus sales estimate for the current quarter of $778.89 million indicates a year-over-year change of +28%.
• This growth is driven by new clients like Tampa General Hospital, Panasonic Energy, and several others, all of whom are benefiting from the company’s Artificial Intelligence Platform (AIP).
• Palantir is a profitable business with diverse revenue streams and is continuously gaining market share.
• Although the company’s post-IPO performance was less impressive, it’s showing signs of improvement.
• In Q3, Palantir’s net dollar retention rate increased to 118%, up from 114% in Q2 and 107% a year …

About Palantir Technologies Inc.

Traders can engage with Palantir stock in various ways, each with walmart investor relations its unique advantages and risks. It’s important to note that these are not the only factors influencing Palantir’s stock value. A comprehensive understanding of these and other factors is crucial for anyone considering trading PLTR stock. All in all, understanding Palantir’s foundational projects and key contracts can provide essential context for examining the history of its stock.