Wall Street Analyst Forecasts Palantir Technologies Stock Reaching $25
Saturday, 11 May 2024, 07:05
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A Recent Analysis by Citi Analyst Tyler Radke:
Citi analyst Tyler Radke boosted his price target to $25 on Palantir stock, citing solid upside in the company's results.
Key Financial Performance Metrics:
- Revenue Growth: In the first quarter, Palantir's revenue grew to $634 million, up 21% year over year.
- Profit Surge: Adjusted earnings per share (EPS) surged 60% to $0.08.
- Commercial Growth: U.S. commercial growth climbed 40%, with management increasing its guidance to 45% growth for the full year.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.