Palantir Technologies to announce strong Q4 earnings, expected profit increase, stock outperforms

From Nasdaq: 2025-01-08 10:52:14

Palantir Technologies Inc., a software company valued at $159.4 billion, will announce its Q4 2024 earnings on Feb. 3. Analysts expect a profit of $0.07 per share, a 133.3% increase from the year-ago quarter. For the full year, EPS is expected to be $0.21, up 162.5% from fiscal 2023.

PLTR stock has outperformed the S&P 500 and Technology Select Sector SPDR Fund, with shares up 338% in the past 52 weeks. The company focuses on AI operations, connecting digital assets to real-world applications. Recent innovations like the Artificial Intelligence Platform have driven growth, leading to collaborations with major tech players.

In Q3, Palantir reported revenue of $725.5 million, beating Wall Street forecasts. Analysts are cautious, with a “Hold” rating overall. Out of 17 analysts, two advise a “Strong Buy,” eight suggest a “Hold,” two give a “Moderate Sell,” and five recommend a “Strong Sell.” The stock trades above the mean price target of $42.80, with a Street-high target of $80 suggesting a 14.3% upside potential.



Read more at Nasdaq: What You Need to Know Ahead of Palantir Technologies’ Earnings Release