From Morningstar: 2024-04-29 07:55:00

Palantir Technologies, PLTR, is gearing up to report its first-quarter earnings on May 6. Investors are looking for indications of demand for the firm’s solutions, customer additions in the commercial sector, and insights on government sales, especially after scoring the TITAN contract with the US government.

Morningstar’s fair value estimate for Palantir is $16 per share, with a 2-star rating. The company’s focus on modular sales and expansion into commercial operations is expected to drive revenue growth at a 21% compound annual rate over the next five years. Palantir aims to broaden its commercial client base while maintaining strong net retention rates.



Read more at Morningstar: Going Into Earnings, is Palantir Stock a Buy or Sell?