Palantir increases by 25%to capture strong income and instructions as AI

Palantir increases by 25%to capture strong income and instructions as AI

Palantir shares 22%after the company has published strong profits and outlook

Palantir On Tuesday, they rose by more than 25% to a record high after reporting the results and guidance of the fourth quarter in the fourth quarter and the instructions through continuing artificial intelligence gains.

The shares have shot 36% since the beginning of the year and were up to date for their best day in almost a year.

The software company based in Denver achieved an adjusted result of 14 cents per share and sales of $ 828 million. So that the 11 cents per share and sales of 776 million US dollars from LSEG were expected.

Palantir also published optimistic guidelines for the current quarter and the full year. In the first quarter, the company predicts income between $ 858 million and $ 862 million. The LSEG estimate required 799 million US dollars. The company projects sales of 3.74 billion US dollars up to 3.76 billion dollars, before an estimate of 3.52 billion dollars.

The software company increased by 340% in 2024, since its AI platform on the continuing excitement of the investor started on the technology trend. Palantir offers software and technology services and is most widespread for his work with defense agencies.

In a letter to the shareholders, CEO and co -founder Alex Karp described the dynamics in his commercial and state segments “different from anything that has come before”.

Read more CNBC reporting about KI

The company recorded growth of 64% in the US commands, while the sales revenue of the US government rose by 45% compared to the previous year. Palantir predicted commercial sales growth of 54%in 2025.

“We are in the way at the beginning of our trajectory, we are in the way at the beginning of a revolution and plan to be a cornerstone – if not the cornerstone – and to drive this revolution in the USA for the next three to five years.” Karp said during the profit.

Karp said that Palantir was “very long America” ​​and at the head of the country “fatal” to deter opponents.

His comments come after Deepseek’s rise last week the financial markets and the concerns about the high costs shook with AI models.

“Hopefully it arouses America,” Karp told Morgan Brennan from CNBC. “Just because we are the first mover and the best tech scene and the inventors and the builders are not that means that opponents cannot copy, and we just have to continue.”

Several companies in Wall Street have increased their price targets on the stock according to the report. Mariana Perez Mora from Bank of America called the company a AI “Value Adder” and increased her price target, while Morgan Stanley stocks improved the same weight from underweight.

“In view of the strength of the prospects, we acknowledge that we were wrong with regard to our basic catalyst of slowing down the growth below the level of 30% due to the harder comparisons in 2025,” wrote analyst Sanjit Singh. “This leaves us with the evaluation as the primary remaining concern.”

(Tagstotranslate) Enterprise

Leave a Reply

Your email address will not be published. Required fields are marked *