Reported 12 days ago
Palantir Technologies (NYSE: PLTR) has seen a remarkable 115% increase in its stock value in 2024, driven by its leadership in the AI software platforms market. The company reported a 27% rise in revenue and an 80% increase in earnings per share in its latest quarterly results, fueled by a growing customer base and rising contract values. Investors are optimistic about Palantir’s future earnings growth, projecting a phenomenal annual growth rate of 85% over the next five years, which could potentially lead to a 48% rise in stock price from current levels.
Source: YAHOO