Palantir Stock Is Worth $48! PLTR Stock Catalysts, Earnings, S&P 500 inclusion, and NHS contract!
4.8 هزار بار بازدید -
12 ماه پیش
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It's been an extraordinary year
It's been an extraordinary year for Palantir Technologies (PLTR -3.59%), and the excitement is far from over. This data analytics company's stock has skyrocketed by over 170%, and the ride may not be slowing down as we approach the year's end. There's a medley of factors poised to propel its valuation to even greater heights in the coming weeks and months. Let's delve into why November could shape up to be a monumental month for this tech stock.
Anticipation is building as Palantir gears up to unveil its Q3 2023 results on November 2nd, covering the period ending September 30. This quarter could prove to be a true standout for the company. Earlier this year, Palantir introduced its groundbreaking artificial intelligence (AI) platform, opening up a world of possibilities for businesses to harness the power of AI.
Palantir, renowned for its data analysis prowess and informed decision-making, is now poised to enhance these capabilities even further. With AI in the mix, decisions become faster, some even reaching full autonomy. Palantir ensures that users can monitor AI agents and processes in real-time, bolstering not only the scale of a company's AI operations but also the trust customers place in the process. While Palantir's growth rate has somewhat moderated in recent years, the introduction of the Palantir Artificial Intelligence Platform (AIP) and the surging demand for AI make Q3 a highly promising quarter. Last quarter, Palantir projected Q3 revenue between $553 million and $557 million. At the midpoint, that's around a 16% YoY growth – a tad higher than its Q2 performance. But there's an exciting chance that it might outperform these estimates, given the exceptional demand for Palantir's products and services. As stated in Palantir's shareholder letter in August, "demand for AIP is unlike anything we have seen in the past 20 years." The bar is set high, and the guidance might not fully reflect the exciting reality.
But what often turns the heads of investors even more than recent earnings is the guidance offered by a growing company. It's a glimpse into what lies ahead and whether the company is heading in the right direction. Palantir predominantly derives its revenue from government customers and has built a solid reputation as a provider of counterterrorism software. With AI gaining more prominence and global geopolitical concerns increasing, the company may be facing unprecedented demand.
Beyond the strong growth in Q3, it's crucial to keep an eye on what guidance Palantir could provide. It would be surprising if the company doesn't revise its yearly guidance, currently standing at $2.2 billion.
Another milestone that could send shockwaves through the market is Palantir's potential inclusion in the S&P 500. This year, Palantir has achieved profitability, and it's a trend they anticipate maintaining. They've reported a profit for three consecutive quarters, and a fourth quarter of profit could be the key to unlocking the S&P 500. Palantir has made remarkable strides in bolstering its bottom line, and joining this prestigious index would open the doors to a multitude of funds and attract more investors to the tech stock. It would be an enormous achievement for the company, and it's merely a question of when, not if, it happens, considering its substantial market cap of $37 billion and its popularity.
So, the pressing question is: should you consider buying Palantir's stock? Palantir is cementing its status as a leading player in data analytics. Now that it's profitable and still growing, it's bound to appeal to a wider array of investors, especially once it enters the S&P 500. Despite the remarkable gains it's already achieved, the stock still has the potential to rise higher, contingent on the speed of its profit and revenue growth, along with the upcoming guidance next month.
The future looks brilliantly promising for Palantir, and with multiple growth catalysts looming on the horizon, it could be a fantastic stock to hold onto for the long haul. 📚🚀
Join this channel to get access to perks:
@ytfinance
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
SOURCES: https://investorplace.com/2023/10/plt...
https://www.fool.com/investing/2023/1...
https://www.fool.com/investing/2023/1...
Anticipation is building as Palantir gears up to unveil its Q3 2023 results on November 2nd, covering the period ending September 30. This quarter could prove to be a true standout for the company. Earlier this year, Palantir introduced its groundbreaking artificial intelligence (AI) platform, opening up a world of possibilities for businesses to harness the power of AI.
Palantir, renowned for its data analysis prowess and informed decision-making, is now poised to enhance these capabilities even further. With AI in the mix, decisions become faster, some even reaching full autonomy. Palantir ensures that users can monitor AI agents and processes in real-time, bolstering not only the scale of a company's AI operations but also the trust customers place in the process. While Palantir's growth rate has somewhat moderated in recent years, the introduction of the Palantir Artificial Intelligence Platform (AIP) and the surging demand for AI make Q3 a highly promising quarter. Last quarter, Palantir projected Q3 revenue between $553 million and $557 million. At the midpoint, that's around a 16% YoY growth – a tad higher than its Q2 performance. But there's an exciting chance that it might outperform these estimates, given the exceptional demand for Palantir's products and services. As stated in Palantir's shareholder letter in August, "demand for AIP is unlike anything we have seen in the past 20 years." The bar is set high, and the guidance might not fully reflect the exciting reality.
But what often turns the heads of investors even more than recent earnings is the guidance offered by a growing company. It's a glimpse into what lies ahead and whether the company is heading in the right direction. Palantir predominantly derives its revenue from government customers and has built a solid reputation as a provider of counterterrorism software. With AI gaining more prominence and global geopolitical concerns increasing, the company may be facing unprecedented demand.
Beyond the strong growth in Q3, it's crucial to keep an eye on what guidance Palantir could provide. It would be surprising if the company doesn't revise its yearly guidance, currently standing at $2.2 billion.
Another milestone that could send shockwaves through the market is Palantir's potential inclusion in the S&P 500. This year, Palantir has achieved profitability, and it's a trend they anticipate maintaining. They've reported a profit for three consecutive quarters, and a fourth quarter of profit could be the key to unlocking the S&P 500. Palantir has made remarkable strides in bolstering its bottom line, and joining this prestigious index would open the doors to a multitude of funds and attract more investors to the tech stock. It would be an enormous achievement for the company, and it's merely a question of when, not if, it happens, considering its substantial market cap of $37 billion and its popularity.
So, the pressing question is: should you consider buying Palantir's stock? Palantir is cementing its status as a leading player in data analytics. Now that it's profitable and still growing, it's bound to appeal to a wider array of investors, especially once it enters the S&P 500. Despite the remarkable gains it's already achieved, the stock still has the potential to rise higher, contingent on the speed of its profit and revenue growth, along with the upcoming guidance next month.
The future looks brilliantly promising for Palantir, and with multiple growth catalysts looming on the horizon, it could be a fantastic stock to hold onto for the long haul. 📚🚀
Join this channel to get access to perks:
@ytfinance
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
SOURCES: https://investorplace.com/2023/10/plt...
https://www.fool.com/investing/2023/1...
https://www.fool.com/investing/2023/1...
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