TECH - 'Undiscovered Gem' Palantir To Report Solid Quarter Says Analyst Ahead Of Q1 Results: 'On The Golden Path Of Its Monetization Story' | Benzinga
Palantir Technologies, Inc. (NYSE:PLTR) is scheduled to release its quarterly results Monday after the market close and ahead of the report a bullish analyst maintained an Outperform rating and $35 price target for the share.
Analysts, on average, expect the company to report earnings per share of 8 cents per share on revenue of $625.33 million, according to Benzinga Pro data. This is up from the year-ago earnings of 5 cents per share and revenue of $525.19 million.
Bracing For Solid Quarter: Wedbush’s Daniel Ives said he expects another solid quarter, with upside likely coming from the U.S. commercial segment. “With the AI Revolution now quickly heading towards the key use case and deployment stage, Palantir with its flagship AIP platform and a myriad of customer boot camps is in the sweet spot to monetize a tidal wave of enterprise spend now quickly hitting the shores of the tech sector in our opinion,” the analyst said.
He noted that customers across industries are continuing to ...