Palantir Technologies

Friday looks set to be a crucial day for Palantir Technologies’ after its two-day 15% slump as investors assess whether the weakness is a blip, or something more sustained. The shares are pointing 1.1% higher ahead of the open so the damage seems to have paused for now. It’s still the third-best performer in the S&P 500 this year, climbing 40% so far in 2025. Two things in particular spooked investors earlier this week — CEO Alex Karp’s new plan to sell up to $1.2 billion worth of shares and reports that the Trump administration has warned the U.S. Department of Defense about budget cuts. The data analytics company has a number of military contracts for the use of its artificial intelligence technology. Both of those things, in the context of Palantir’s impressive rally and lofty valuation, have been cause for concern and raised questions over whether a period of […]

Wedbush Securities analyst Dan Ives predicts Palantir Technologies Inc. (NYSE:PLTR) could emerge as a dominant force in the artificial intelligence software landscape, comparing it to industry giants Oracle Corp. (NYSE:ORCL) and Salesforce Inc. (NYSE:CRM). What Happened: In a CNBC interview on Tuesday, Ives highlighted the multiplier effect of AI infrastructure spending, noting that “for every dollar spent on Nvidia chip, there’s an 8 to $10 multiplier across tech, across the ecosystem software.” He emphasized that this trend is particularly evident in companies like Palantir and Salesforce. The analyst’s bullish stance on Palantir comes amid the company’s remarkable stock performance, with shares up nearly 350% over the past year. The AI software firm recently reported strong fourth-quarter results, with revenue reaching $827.52 million, exceeding analyst expectations of $775.91 million. Ives pointed to Jevons Paradox – an economic theory suggesting increased efficiency leads to higher demand – as a key driver of AI software adoption. “This is the software age that’s

Wedbush shared positive views about Palantir Technologies’ (NASDAQ:PLTR) future while raising the price target on the shares of the company to $90 from $75 and maintaining its Outperform rating. Analyst Dan Ives said their recent checks and growing confidence in the company’s AI strategy is key to the bull thesis for 2025 on Palantir — which provides software platforms for the intelligence community. “We believe Palantir has a path to become the next Oracle (ORCL) or Salesforce (CRM) over the coming years,” said Ives in a post on X, formerly Twitter. Ives and his team added that while Palantir’s valuation is expensive today, they see the company as a core winner in the trillions of AI spend over the next few years. The analysts noted that Palantir remains one of their top names to own in 2025 as its game-changing AIP — the company’s artificial intelligence platform — strategy is quickly becoming a

Palantir Technologies (NYSE:PLTR) had Q4 2022 EPS of $0.04 versus analyst expectations of $0.029. Fourth-quarter revenue was $508.6 million, compared with analysts’ expectations of $522.2 million. Adjusted EBITDA for the fourth quarter was $121.6 million, versus analysts’ expectations of $86.4 million. Adjusted operating profit for the fourth quarter was 22% and adjusted free cash flow was $75.8 million. First-quarter revenue is expected to be $503-$507 million, compared with analysts’ expectations of $522.2 million.