Palantir soars 25% to record high as AI powers strong earnings and guidance
Posted: Feb 04, 2025
- $PLTR surged 25% to a record high after strong Q4 results and guidance
- Reported adjusted earnings of 14 cents per share and $828 million in revenue
- Upbeat guidance for current quarter and full year
- 64% growth in U.S. commercial revenue, 45% rise in U.S. government revenues
- CEO Alex Karp optimistic about future growth and positioning in AI revolution
- Wall Street firms increased price targets on stock after report
- Palantir (PLTR) stock soared 27% to a record high after strong earnings and guidance driven by AI
- The company reported 64% growth in U.S. commercial revenue and 45% growth in U.S. government revenue
- CEO Alex Karp called the momentum within commercial and government segments revolutionary
- Palantir issued upbeat guidance for the current quarter and full year, exceeding estimates
- Wall Street firms raised price targets on the stock after the report
- Palantir has surged 340% in 2024 as its AI platform gains traction and is known for its work with defense agencies
- Karp expressed optimism about the company's future role in driving AI revolution in the U.S. over the next three to five years
- Comments made in comparison to DeepSeek, raising concerns about high costs for AI models and AI arms race with China.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - There is criticism regarding $PLTR's high valuation metrics, but several comments express enthusiasm about its growth potential and uniqueness, presenting a generally bullish perspective. Summarized comments: - Concerns about $PLTR's high price-to-revenue ratio and PE - $PLTR is seen as unique without direct competitors in its sectors - Discussion on $PLTR's CEO and company growth - Investors excited about $PLTR's future prospects despite high valuations - Mention of selling $PLTR for a gain - Comparison and wishes for $NVDA to also perform well Stock tickers discussed: $PLTR, $NVDA
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