Oleblue
2 days ago
Sometimes, you never know the potential of a stock in the beginning, but things only get better as time goes on.
Platform overview
Palantir AIP powers real-time, AI-driven decision-making in the most critical commercial and government contexts around the world. From public health ↗ to battery production ↗, organizations depend on Palantir to safely, securely, and effectively leverage AI in their enterprises — and drive operational results ↗.
In short, Palantir AIP connects generative AI to operations. Together with Foundry - Palantir's data operations platform - and Apollo - Palantir's mission control for autonomous software deployment, AIP is part of an AI Mesh that can deliver the full gamut of AI-driven products, from LLM-powered web applications to mobile applications using vision-language models to edge applications that embed localized AI. We call this entire set of capabilities, functionality, and tooling the Palantir platform.
https://www.palantir.com/docs/foundry/platform-overview/overview/
fwb
1 week ago
Palantir Stock Is Rising After the Tech Selloff. Why One Analyst Sees a Big Gain.
by Brian Swint
Updated July 18, 2024, 10:52 am EDT / Original July 18, 2024, 7:32 am EDT
Palantir Technologies
the data-analytics firm whose biggest client is the U.S. government, can shoot much higher, according to Wedbush analysts led by Dan Ives.
DiscoverGold
2 weeks ago
Rare Bullish Signal Flashes for Palantir
By: Lucas Downey | July 9, 2024
• Shares of software company Palantir Technologies, Inc. (PLTR) are on fire thanks to AI-related revenue growth.
Businesses and government entities have flocked to the company’s AI platform, generating a 42% year-over-year gain in customers. As a result, PLTR’s revenue jumped to $634 million, which is up 21% over the prior year, and expectations are for it to rise to $652 million when earnings are announced in August.
It’s no wonder PLTR shares are up 61% this year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.
Big Money Picking Up Palantir Shares
Institutional volumes reveal plenty. In the last year, PLTR has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in PLTR shares. They reflect our proprietary inflow signal, pushing the stock higher:
Source: www.mapsignals.com
Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Palantir.
Palantir Fundamental Analysis
Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, PLTR has strong sales and earnings growth:
• 3-year sales growth rate (+27.2%)
• 3-year earnings growth rate (+45.8%)
Source: FactSet
Also, EPS is estimated to ramp higher this year by +20.5%.
Now it makes sense why the stock has been powering to new heights. PLTR has a track record of strong financial performance.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.
Palantir has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report multiple times in the last year, with more potentially on the horizon. The blue bars below show when PLTR was a top pick…driving share gains:
Source: www.mapsignals.com
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
Palantir Price Prediction
The PLTR rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Read Full Story »»»
DiscoverGold
Oleblue
3 weeks ago
3 Reasons to Buy Palantir Like There's No Tomorrow
Manali Pradhan, The Motley Fool
Fri, Jul 5, 2024, 7:15 AM EDT
Shares of data mining and artificial intelligence (AI) specialist Palantir Technologies (NYSE: PLTR) have popped by an impressive 47% so far in 2024.
Palantir surpassed consensus revenue estimates and met the adjusted earnings-per-share estimates in the first quarter of 2024. Despite blockbuster numbers, the stock tanked by nearly 15% after releasing this quarterly result as investors were disappointed with the company's conservative revenue guidance for full-year fiscal 2024.
Since then, Palantir stock has gained back all of its losses, mainly driven by some recent profit-taking in semiconductor/AI stocks and market rotation from semiconductor stocks to software stocks. However, there is still a lot to like in this software-as-a-service (SaaS) player, known for its exceptional ability to mine mounds of government and enterprise data for actionable insights.
Here are three reasons investors should pick up a stake in Palantir now.
1. Unleashing the power of AI
Since its launch, Palantir's large language model-powered Artificial Intelligence Platform (AIP) has witnessed solid customer adoption. Leveraging data analytics and machine learning, AIP helps enterprises move "beyond chat" and deploy AI solutions effectively to drive real business value.
Palantir's AIP applies ontology and data integration technologies to enable customers to deploy AI solutions, even with messy underlying data. AIP helps convert unstructured data including emails, Slack messages, PDFs, comments, audio, and images into structured actions and outputs. This is in contrast to competitors who claim that only 10% of a customers' data is AI-ready.
Palantir's boot camp-based, go-to-market strategy is also proving a success. More than 900 organizations had participated in the bootcamps by the end of the first quarter. The company has also rolled out Build with AIP (tutorials and reference implementations) to enable customers to effectively use AIP for building AI solutions. Subsequently, AIP is helping Palantir with new customer acquisitions as well as expansions in existing customers.
Strong U.S. commercial business, and reacceleration in government business
The U.S. commercial business was undoubtedly the star performer for Palantir in the first quarter, growing revenue by 68% year over year, excluding strategic investments. This trend is expected to continue in 2024, driven mainly by the increasing adoption of the company's AIP platform. Palantir noted a robust 69% year-over-year U.S. commercial customer count in the first quarter. Not surprisingly, the company has increased its full-year fiscal 2024 growth outlook for this customer cohort from the previous estimate of 40% to 45%.
Palantir's U.S. government business also demonstrated strength, with revenue growing 8% year over year in the first quarter, an acceleration from 3% year-over-year growth in the previous quarter. The company secured over $178 million from the U.S. Army for a project under the Tactical Intelligence Targeting Access Node (or TITAN) program, enabling it to help the army detect enemy targets.
The project has made the company the first software company to be awarded a prime contract (direct contract with the government agency) for a hardware production project. By positioning itself as a "software prime," Palantir may witness even more opportunities in the U.S. defense sector.
Government business involves significant vetting of vendors and is inherently sticky. Hence, although this business is growing more slowly than the commercial business, it provides a stable revenue base for Palantir. Furthermore, in the current era of geopolitical tensions, Palantir's government-focused software solutions have become even more relevant and may see robust growth in the coming years.
Impressive financials
Investor reaction to Palantir's fiscal 2024 revenue guidance seems short-sighted since the company's top-line growth will likely be lumpy in the early stages of the ongoing AI transformation. The company's financial performance will become increasingly more predictable, with the advancement and adoption of AI technologies worldwide.
Nevertheless, Palantir's profitability has been improving at a steady pace. The company recorded a generally accepted accounting principles (GAAP) net income of $106 million in the first quarter, marking its sixth consecutive quarter of GAAP profitability. The company also reported a GAAP operating income of $81 million and an adjusted operating margin of 36%. Palantir's Rule of 40 score (an indicator of the company's revenue and profit performance) also rose from 54 in the fourth quarter of 2023 to 57 in the first quarter of 2024.
Palantir is also generating cash at a robust pace. The company reported $130 million in cash from operations and $149 million in adjusted free cash flow in the first quarter. It ended the first quarter with $3.9 billion in cash, a resource that gives it sufficient financial flexibility to invest in growth initiatives.
Trading at 24 times trailing-12-month sales, Palantir stock is not cheap. However, the premium valuation seems justified considering the mission-critical nature of its software in multiple government operations and the rapidly expanding commercial business. Hence, it makes sense to invest in this high-flying stock now.
Should you invest $1,000 in Palantir Technologies right now?
Before you buy stock in Palantir Technologies, consider this:
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Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
3 Reasons to Buy Palantir Like There's No Tomorrow was originally published by The Motley Fool
https://finance.yahoo.com/news/3-reasons-buy-palantir-theres-111500995.html
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Oleblue
4 weeks ago
Momentum Investor Praises Palantir As 'AI Halo' Play, Highlights Datadog As Software 'Bottoming Process' Sets In
Virtus Investment Partners‘ Joe Terranova is eyeing a couple of big data companies as the artificial intelligence (AI) story begins to tilt toward software.
What To Know: BofA Securities just added Palantir Technologies Inc (NYSE:PLTR) to its top 10 best U.S. ideas list for the third quarter. Monday on CNBC’s “Fast Money Halftime Report,” Terranova explained why he remains bullish.
“It’s become a popular name when you are thinking about AI and the AI halo. They’re clearly participating,” Terranova said.
Palantir has been a beneficiary of the AI boom, but below the highs it set in early 2021. BofA obviously sees more room for Palantir to run in the near term and Terranova agrees.
Palantir has had significant exposure to government contracts for a long time. Growth in the commercial side of the business is really starting to boom, Terranova said.
AI is playing a big role in that growth, he added.
“You are seeing the growth in revenue attributable to [AI] beginning to build. It will further build in the upcoming quarters. Palantir has really been a strong momentum name in a software environment that’s been somewhat experiencing friction,” Terranova said.
Many expect AI software names to catch up to some of the hardware names that have benefitted the most from the AI race. Terranova suggested that he’s positioning for the move by adding Datadog Inc (NASDAQ:DDOG) to the portfolio.
Datadog is in a critical area of AI that many are not focused on yet: security. The company offers cloud-based security monitoring for applications, which will be “incredibly important” in terms of usage from the enterprise community, Terranova said.
“I think a lot of people dismissed software,” he adds. “I get the premise that AI disrupts a lot of the existing product in the software business itself … but I also think you have to be aware that there might be a bottoming process that’s unfolding for software.”
Terranova told CNBC that Datadog is also starting to break out above critical levels from a technical perspective. Expect momentum to stay for a while, he said,
https://www.benzinga.com/trading-ideas/long-ideas/24/07/39582335/momentum-investor-praises-palantir-as-ai-halo-play-highlights-datadog-as-software-bottom
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