Reported 13 days ago
Palantir Technologies (NYSE: PLTR) has seen a remarkable 198% stock price increase in 2024, bolstered by strong third-quarter earnings that exceeded analyst expectations. The company reported a 30% year-over-year revenue growth to $726 million, driven largely by its AI software platform. Palantir's growing customer base and significant contract value increases suggest promising future growth, prompting an updated revenue forecast of over $2.8 billion for 2024. However, its high valuation—trading at 46 times sales—may be a concern for investors looking ahead to 2025.
Source: YAHOO