Is Palantir (PLTR) Stock Set to Soar or Stumble After Earnings?
Palantir (NYSE:PLTR) has been a standout tech stock this year as investors continue to see it as a major beneficiary of artificial intelligence (AI). With a year-to-date surge of 45%, PLTR stock has outperformed many others in the market. However, as the company prepares to release its quarterly earnings report, the stock is currently down over 3.5%.
In the previous quarter, Palantir saw a revenue beat of 20.8% year-over-year, which helped boost the stock. But with expectations higher this time around, there are concerns about whether Palantir can meet these elevated targets.
Investors will be closely watching for the year-over-year revenue growth rate, which is expected to be 22.3% driven by strong commercial customer growth. Analysts also anticipate earnings of 8 cents per share, which would value the stock at roughly 75 times trailing earnings.
Given Palantir’s track record of hitting earnings and revenue targets, any significant deviation from analyst estimates could lead to a notable movement in PLTR stock. While the odds seem to favor the bulls, the outcome of the earnings report remains uncertain.
In conclusion, investors should pay close attention to Palantir’s upcoming earnings report as it could have a significant impact on the stock’s performance. With the company’s strong position in the AI space and past success in meeting expectations, there is potential for PLTR stock to continue its upward trajectory.