2024-02-09 09:00:00 ET
Summary
- Palantir Technologies Inc. shares have surged over 30% since its earnings report, with several analysts upgrading their price targets.
- The company's Q4 results showed strong growth in U.S. commercial revenue and an expanding customer base.
- There are risks to the investment thesis, including a potential slowdown in spending and competition from other software platforms.
Shares of Palantir Technologies Inc. ( PLTR ) have gone parabolic since Q4 earnings , appreciating by over 30% this week. I posted on X that I wouldn't be releasing this article until Friday, 2/9 because I wanted to read through the earnings call transcript several times and digest the quarterly results. Personally, the only thing that would have made me happier is if Jocko Willink had delivered the opening remakes and introduced Ryan Taylor (PLTR Chief Revenue and Legal Officer) to begin the earnings call.
The day after earnings, I had the pleasure of interviewing Dan Ives from Wedbush Securities with Amit Kukreja via Twitter Spaces ( can listen here ). The interview came together out of the blue, and it was refreshing to hear Dan's perspective from an institutional standpoint regarding PLTR. Dan has personally been invited by PLTR to attend AIP (Artificial Intelligence Platform) bootcamps, and he discussed his opinion as to how the bootcamp model is working well for client adoption....
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Palantir: Terrific Q4 From A Company Wrongly Considered A Black Box