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Palantir soars 25% to record high as AI powers strong earnings and guidance

Palantir's stocks surged 22% after reporting a revenue of $828 million, exceeding analyst projections of $776 million for Q4 2024.
The company expects sales for the full year to reach between $3.74 billion and $3.76 billion, surpassing the average estimate of $3.52 billion.
Palantir reported a 64% increase in U.S. Commercial revenue, totaling $214 million, and anticipates local commercial sales to rise by at least 54% in 2025.
CEO Alex Karp stated that insights about large language models have evolved into reality, while the company warns against the use of DeepSeek technology.

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247wallst.com

Buy, Sell, or Hold Palantir Stock at Over $100?

Palantir Technologies (NYSE:PLTR) has been a lightning rod for investor debate over the past few quarters as the stock has surged significantly. It is a niche company that works with the defense and intelligence agencies and the stock has surged over 400% in the past year as these contracts have been very sticky and expanding very fast. The recent growth is mostly due to AI. Palantir has posted solid report after solid report, and the momentum h…

1 month ago·New York, United States

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CNBC

Palantir soars 24% to record high as AI powers strong earnings and guidance

Palantir surged 24% on robust fourth-quarter results and guidance.

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Quartz

Palantir stock soars more than 26% after AI-driven earnings

The software platform company reported revenue of $828 million for the fourth quarter, beating Wall Street's estimates

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DNyuz

Palantir Soars 22% After Beating Q4 Estimates And Raising Sales Outlook, Cites AI Growth

Leading data analytics company Palantir (PLTR) surpassed Wall Street estimates for its fourth quarter 2024 growth, resulting in a 22% surge in its stocks in extended trading Monday. The Denver-based software platforms company reported a revenue of $828 million, even as LSEG-polled analysts projected only $776 million. Palantir also offered better-than-expected guidance in terms of sales. The company said it expected its sales to hit anywhere bet…

1 month ago

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Forbes

Palantir Stock Soars 27% To All-Time High—Becoming $200 Billion Company

The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago.

1 month ago·United States

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