Palantir Technologies (PLTR) Reports 70% Revenue Growth to $1.4B

Palantir 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.