TECH - Palantir Bulls Take Charge As Analysts Await Q1 Earnings For AI Platform Impact Assessment | Benzinga
Palantir Technologies Inc (NYSE:PLTR) will be reporting its first-quarter earnings on Monday. Wall Street expects 8 cents in EPS and $625.43 million in revenues as the company reports after market hours.
The stock is up 208.60% over the past year, +35.88% YTD.
Palantir’s commercial division is thriving, particularly in the US, due to high demand for its AI platform. However, according to one analyst, its government segment is struggling, with uneven revenue from contracts, inconsistent execution, and concerns about high valuation.
Let’s look at what the charts indicate for Palantir stock, and how the stock currently maps against Wall Street estimates.
Palantir Technical Setup Ahead Of Q1 Earnings
Palantir’s stock is currently experiencing a strongly bullish trend.
Its share price is above its 5, 20, and 50-day exponential moving averages (EMAs). This indicates slight buying pressure in the ...