Palantir (PLTR) Stock Price

Financial Performance

Palantir Technologies Inc. has shown a consistent growth in its financial performance. The company's last quarter revenue was $883.9M, which is an increase of 6.8% from the previous quarter and up by 30.3% year over year. This growth trend reflects positively on the company's ability to generate revenue effectively. The gross profit for the same period was $710.9M, indicating a rise by 8.9% from the previous quarter and up by 29.4% year over year, demonstrating its efficiency in controlling costs related to goods sold.

The operating income profit showed an impressive surge of 1494.2% from the previous quarter and up by 67.1% YoY at $176M, suggesting strong operational efficiency and profitability potential.

Stock Price

The stock price of Palantir is currently trading at $123.76 with a considerable appreciation of about 25.8% in just one month and an astounding increase of around 487.9% YoY, reflecting investor confidence in the company’s future prospects.

The RSI value stands at approximately mid-range (60), implying that it is neither oversold nor overbought while maintaining a healthy balance between buying and selling pressures.

Alternative Data Signals

The web traffic data shows that Palantir has been successful in attracting visitors to its website with an estimated monthly visitor count of nearly around three-quarters million (778646) which represents an increase of about 104.% YoY and about a moderate increase MoM (3%). This could be indicative of increasing interest or awareness about their products or services among consumers or investors.

Social media followers have also shown a positive trend with Twitter and Facebook followers increasing by 90.5% and 3.7% respectively in the last 90 days.

Conclusion

In conclusion, considering its strong financial performance, impressive stock price appreciation, healthy technical indicators, and positive alternative data signals such as increased web traffic and social media following; the overall outlook for Palantir's stock is bullish.

Note: This AI Stock Analysis is based on data as of May 28. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Palantir (PLTR), currently trading at $122.3, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.