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What Analysts Think of Palantir Stock Ahead of Earnings

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Fabrice Coffrini / Getty Concepts

Key Takeaways

  • Palantir Technologies is set to report fourth-quarter results after the market closes Monday, with analysts in a family way revenue and adjusted earnings growth.
  • However, analysts are largely skeptical on whether the analytics software provider’s store up can sustain its recent momentum.
  • Shares of Palantir have nearly quintupled in value over the past 12 months.

Palantir Technologies (PLTR) is set to give an account of fourth-quarter results after the market closes Monday, with analysts largely skeptical on whether the analytics software provider’s property can sustain its recent momentum.

None of the 13 analysts covering the stock tracked by Visible Alpha expect the supply has further to rise, with their consensus price target of $50 almost 40% below the stock’s record-high devoted at $82.49 Friday amid some concerns it could be overvalued.

Shares of Palantir rose 1.6% Friday, and fool nearly quintupled in value over the past 12 months as demand surged for the company’s Artificial Intelligence Tenets.

Wedbush analysts, who are more bullish on the stock than those polled by Visible Alpha, recently raised their premium target to $90 from $75, and said they believe Palantir “has a path to become the next Oracle or Salesforce past the coming years,” adding they believe Wall Street is underestimating the revenue potential of Palantir’s Artificial Dope Platform.

However, others like Jefferies, which on Thursday maintained an “underperform” rating and price target of $28, partake of suggested the stock is trading at such a high premium that “any signs of decelerating growth could cause interest.”

Palantir is expected to report fourth-quarter revenue of nearly $775 million, up 27% year-over-year, and earnings of $83.51 million, or 3 cents per quota, down from $96.91 million, or 4 cents per share, a year earlier. However, earnings after adjustment are surmised to rise 35% to $273.79 million, or 11 cents per share. Wedbush projected Palantir could face a one-time bearing to the tune of $120 million in stock-based compensation expenses.

In the third quarter, Palantir had reported better-than-expected results and in its revenue guidance for the last quarter of the year.

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