Palantir Technologies Inc Stock News

Last year, shares of artificial intelligence (AI) software company Palantir Technologies (PLTR 3.35%) went parabolic -- soaring by 340%, which made the company the top-performing stock in the S&P 500. In addition to this feat, Palantir was added to the Nasdaq-100 toward the end of 2024.

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Palantir is poised to win a U.S. Army contract that could eventually deliver annual recurring revenue approaching $100 million, said a William Blair analyst. The post Palantir To Win U.S. Army Contract With L3Harris, Anduril, Says Analyst appeared first on Investor's Business Daily.

Management previously said a ‘lack of accountability in government' was the real threat.

Since the start of 2023, no trend has been responsible for triggering investor excitement quite like artificial intelligence (AI). Giving software and systems the capacity to reason and act autonomously, as well as dangling the ability for machines to evolve over time, gives this technology a mouthwatering ceiling -- and Wall Street has taken notice.

Palantir generated $1.25 billion in free cash flow in FY24, with a 44% FCF margin and 29% revenue growth. U.S. commercial revenue surged 54% in FY24, driven by AIP bootcamps and scalable, production-grade AI deployments. Palantir trades at a 59.8x revenue multiple, far above the SaaS median of 3.89x, reflecting its platform premium.

Investors may object to the current valuation of Palantir Technologies Inc. NASDAQ: PLTR stock. But they can't say that there's no news to support bullish sentiment.

Palantir Technologies is proving skeptics wrong with accelerating commercial traction, deepened government ties, and strong financial performance, including $1.25B in free cash flow. Q4 earnings validated our bullish thesis with 36% YoY revenue growth and 64% YoY U.S. commercial revenue surge, highlighting successful expansion beyond government contracts. Palantir's AI-driven platforms like Got...