Palantir Earnings: AI Platform Drives Strong Start…
From Morningstar: 2024-05-07 07:14:00
Palantir reported Q1 earnings with sales reaching $634 million, up 22% YoY. The US commercial market sales rose 40% YoY, impressing analysts. Palantir raised its 2024 outlook, expecting sales of $2.68 billion and adjusted operating income of $874 million. Despite shares trading down, analysts maintain a fair value estimate of $16 per share.
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