PLTR - What's Going On With Palantir Stock Monday? | Benzinga
Palantir Technologies Inc (NYSE:PLTR) shares are in the spotlight Monday ahead of earnings. Here’s what you need to know.
What To Know: Palantir is due to report first-quarter financial results after the market close on Monday. The company is expected to report earnings of 8 cents per share on quarterly revenue of $625.431 million, according to Benzinga Pro.
Ahead of the print, Wedbush analyst Dan Ives reiterated Palantir with an Outperform and price target of $35, as he anticipates another solid quarter from the AI data company, driven by strength in the company’s U.S. commercial business.
“The big focus tonight will be hearing about AIP customer conversion, US commercial strength momentum, and the trajectory of larger deals in the pipeline,” Ives said in a new note to clients.
Last quarter, Palantir beat analyst estimates as commercial revenue grew ...