From Nasdaq: 2025-02-04 09:57:00

Palantir Technologies Inc. (NASDAQ: PLTR) stock surged over 22% in after-hours trading, cracking the $100 mark after a blockbuster earnings report. Commercial revenue for the quarter was $214 million, a 64% YoY increase. Government business came in at $343 million, up 45% YoY. Palantir raised its guidance for fiscal year 2025 to $3.74-3.75 billion in revenue, a 30% YoY gain.

Dr. Alex Karp, Palantir’s CEO, highlighted the impact of China’s DeepSeek on the AI industry, emphasizing the importance of software over LLMs. Palantir’s proprietary ontology sets it apart, making enterprises accessible to AI. The software-as-a-service company stands out in the industry due to its unique offerings.

Despite Palantir’s impressive performance, skeptics warn of the law of large numbers, suggesting that rapid growth may not be sustainable. However, the stock has shown short-term resilience, similar to NVIDIA Corp.’s trajectory. Analysts are divided on PLTR’s future, with price targets ranging widely. Some see it as undervalued due to difficulties in quantifying AI’s impact.

Analysts like Dan Ives have raised price targets for Palantir, with expectations exceeding the consensus. The company’s growth and unique software offerings continue to attract attention and debate among investors and analysts. The stock’s performance post-earnings surge remains a focal point for market observers and participants.



Read more at Nasdaq:: Palantir Stock Surges After Blockbuster Earnings: What’s Next?