2024-02-07 13:47:07 ET
Summary
- Palantir Technologies Q4 earnings were highlighted by strong operating momentum and positive guidance.
- The expansion of the commercial customer base into new industries confirms an ongoing diversification away from its legacy government contracts.
- We are bullish on the stock with Palantir among the most important "AI" leaders in the market.
Palantir Technologies Inc. ( PLTR ) reported its latest quarterly results with EPS in line with estimates while revenue was slightly above expectations. While that headline isn't necessarily breathtaking, the bigger story here is the underlying operating momentum that suggests a much stronger forward outlook. Indeed, the stock surged by more than 25% on the report, breaking out to near its highest level since 2021....
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Palantir: Q4 Earnings Supercharge The Bullish Case