Palantir Live: PLTR Up Big As Investors Digest Earnings
Key Points
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Palantir just posted first-quarter revenue of $884 million, which was above analyst expectations for $863 million.
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The company’s EPS of 13 cents per share was in line with expectations.
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Palantir Just Raised its 2025 Revenue Guidance
“Palantir is on fire,” says CEO Alex Karp.
“We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S. where our revenue soared 55% year-over-year, while our U.S. commercial revenue expanded 71% year-over-year in the first quarter to surpass a one-billion-dollar annual run rate,” he added.
Helping, the company’s newest targets for 2025 revenue, adjusted operating income and adjusted free cash flow are higher by 4%, 10% and 13%, respectively.
Fueling even more upside are likely contracts from the U.S. government – especially with the company gaining recognition for its defense and software contracts with agencies including the U.S military.
Palantir May Have Another 18% of Upside
Using the high-end of analyst price targets ($140). Palantir could see another 18% upside.
Helping, analysts at Wedbush just raised their price target to $140 from $120, noting that PLTR’s results and raised guidance give the firm “great confidence” in Palantir’s growth story.
“We view Palantir as a generational tech name that we see as a trillion-market cap over the next three years, with PLTR being a core name in the AI Revolution theme over the coming years,” added the firm, as quoted by Seeking Alpha.
Software firm, Palantir (NASDAQ: PLTR) is up more than 8.5% after reporting solid earnings growth on Monday. The company posted first-quarter revenue of $884 million, which was above analyst expectations of $863 million. The company’s EPS of 13 cents per share was in line with expectations.
Management also raised its full-year 2025 revenue guidance to a range of $3.89 billion to $3.902 billion, with adjusted income from operations expected to be between $1.711 billion and $1.723 billion. Adjusted free cash flow guidance was raised to a new range of between $1.6 billion and $1.8 billion.
“We are delivering the operating system for the modern enterprise in the era of [artificial intelligence],” said CEO Alexander C. Karp, as quoted by Barron’s. “Consequently, we are raising our full-year guidance for total revenue growth to 36% and our guidance for U.S. commercial revenue growth to 68%.”
Analysts at Citi also raised its price target on Palantir to $115 from $110 with a neutral rating. According to the firm, Palantir delivered a “strong beat/raise” and its “robust results further solidifies” its role with artificial intelligence.
Even Wedbush analyst Dan Ives has growing confidence in the stock, noting the company is in a “prime position” for more contracts from the U.S. government — after selling its AI-powered Maven Smart System to NATO.
© Shutterstock / Piotr Swat
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