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Most Trending
-14.22%
+7.46%
-17.70%
+13.84%
-0.95%
Most Trending
-14.22%
+7.46%
-17.70%
+13.84%
-0.95%
Michael.GreenChief Market Analyst with over 15 years experience with candid commentary and focuses on daily market analysis and financial research writing
Palantir is a Silicon Valley-based software company that specializes in big data analytics and surveillance. Founded in 2003 by Peter Thiel, a prominent tech entrepreneur and investor, and a group of former PayPal employees, Palantir has gained a reputation for being one of the most secretive and controversial companies in the tech industry.
At its core, Palantir's software is designed to help government agencies and private companies analyze large amounts of data and make better-informed decisions. Its clients include law enforcement agencies, intelligence agencies, and military organizations around the world, as well as companies in the financial and healthcare sectors. Some of Palantir's most high-profile clients have included the CIA, NSA, and ICE, which has led to criticism and protests from human rights groups and privacy advocates.
Palantir's software allows its clients to collect and analyze vast amounts of personal data on individuals, including social media activity, financial transactions, and location data.
Palantir has been successful in attracting investors and growing its business. The company went public in 2020 and is now valued at over $16.8 billion. It has also been awarded numerous government contracts, including a $1.5 billion contract with the US Army in 2019.
The stock market crash of 2022 left PLTR trading at its most attractive valuation level ever. And that gives it plenty of room to rally in 2023 as the stock’s trend changes direction.
In the fourth quarter of 2022, Palantir grew revenue 17.5% to $508.6 million, above analyst estimates, and delivered adjusted (non-GAAP) earnings per share of $0.04, beating expectations by $0.01.
However, not only did Palantir deliver adjusted profits, it actually delivered $30.9 million in GAAP net profits, or $0.01 per share. That was certainly surprising, given that most investors and even Palantir itself hadn't forecast GAAP profitability until several years out. Furthermore, management said it expects the company to be profitable on a GAAP basis in 2023 as well.
On the conference call with analysts, CEO Alex Karp said: "We promised you GAAP profitability in 2025, which you thought would be in 2027 perhaps. We are now, in the last quarter, GAAP profitable, and we plan to be GAAP profitable in this year."
The second reason why Palantir stock will keep soaring in 2023 is because the company’s profit margins are set to meaningfully expand this year.
Palantir is an early stage growth company with a best-in-class, high-demand product in a rapidly growing industry. As such, no one has ever really questioned the company’s long-term revenue growth prospects. Pretty much everyone knows this company will grow revenues by 20% to 30% over the next several years.
Palantir is a powerful player in the world of big data analytics and surveillance. Its software has the potential to improve decision-making and enhance national security.
Palantir will continues to grow and expand its reach, it will likely remain a leader in in big data analytics.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
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