Wall Street Analyst Forecasts Palantir Technologies Stock Reaching $25
Saturday, 11 May 2024, 07:05
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.
The adoption of AI will take years to unfold, and Palantir's AIP helps businesses get AI done.
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