Palantir Technologies (PLTR) Reports 70% Revenue Growth to $1.4B
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowPalantir Technologies (PLTR) reported a 70% year-over-year revenue increase, reaching $1.4 billion last quarter. The company's U.S. commercial revenue significantly contributed to this growth. Palantir's Rule of 40 score is reported at 127%. Current stock price is around $146, giving it a market cap of approximately $350 billion. Wedbush analyst Dan Ives suggests the stock could reach a valuation of $1 trillion within two to three years, implying a 186% share price increase to $418 to join the $1 trillion club.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Palantir Technologies Inc. (PLTR)
Palantir Technologies makes data-analytics and AI software for governments and enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier PLTR news
- Lumen Technologies (LUMN) Gains Speculation After Partnerships
- FAA Selects Palantir (PLTR) and Thales for AI Tool Development
- Palantir (PLTR) Trades at High Valuation Amid Defense Contracts
- Palantir (PLTR) Stock Drops 35% from All-Time High Amid AI Boom
- Palantir (PLTR) Worth Less Than $50, Michael Burry Bets Against it
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
Related News
Gene Editing Develops Crops That Signal Stress to Farmers
Oct 21
UAL Expects Elevated Fuel Costs Through 2027, Margin Challenges Ahead
Oct 21
AT&T (T) Raises Profit Outlook Despite Mobile Subscriber Slowdown
Oct 21
TSMC (TSM) Upgraded to Aa2 by Moody’s on AI Demand
Oct 21