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3d ago

Palantir Shares Surge Over 5% Ahead of Key Earnings Report

Fueled by high-profile defense AI deals and strong Q4 results, Palantir's stock has climbed over 400% year-over-year, with investors divided ahead of its May 5 earnings call.

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Overview

  • Palantir's stock rose 5.4% on Friday, nearing all-time highs, and has gained over 400% year-over-year driven by strong investor enthusiasm.
  • The rally is supported by major defense AI contracts, including delivering battlefield TITAN systems to the U.S. Army and a new NATO partnership for AI-powered technology.
  • Palantir's Q4 financials exceeded expectations with $827.5 million in revenue, 14 cents in adjusted EPS, and 52% U.S. revenue growth year-over-year.
  • Analysts remain split on the stock; Wedbush is optimistic, citing the NATO deal as a 'major win,' while RBC Capital maintains an Underperform rating.
  • The upcoming May 5 earnings call will provide further insights into Palantir's growth outlook and its ability to navigate macroeconomic risks, including its high valuation and broader market conditions.