Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers palantir foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides apollo, a software that enables customers to deploy their own software virtually in any environment. Palantir Technologies Inc. was incorporated in 2003 and is based in Denver, Colorado.
I warned about Palantir stock's "irrational exuberance" in March. PLTR then fell into a bear market through its recent lows. Palantir's recent guidance likely disappointed investors who craved more. Palantir's boot camp-driven AI sales cycle is still nascent, although robust.
Palantir's revenue growth is driven by its commercial segment, which is growing at a faster rate than its governmental segment. The U.S. commercial market is experiencing supercharged growth rates, while the growth rate of the U.S. government segment is only slightly above the general governmental revenue growth rate. Bootcamps have been successful in driving customer conversions and accelerating the monetization process, leading to significant growth in the U.S. commercial segment.
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Palantir's AI has driven massive commercial-customer growth in the U.S. Its revenue-growth levels may seem low when considering the productivity gains brought about by its AI platform.
Did the market just hand you a gift you need to act on before it realizes the mistake? Palantir Technologies (NYSE: PLTR ) tumbled after a solid first-quarter earnings report because growth apparently wasn't high enough to justify its valuation.
Palantir historically generated much of its revenue through government contracts. But today U.S. commercial customers are flocking to the company's Artificial Intelligence Platform (AIP) -- and commercial revenue is soaring.
Palantir's stock dropped after Q1 2024 earnings due to lower-than-expected Q2 guidance, but the overall growth story remains intact. Q1 earnings beat estimates, with increased revenue and net income, and strong growth in customer base and deal values. PLTR appears undervalued based on its PEG ratio, and its potential inclusion in the S&P 500 could further boost its stock price.