Palantir (PLTR) Stock Price

Financial Performance

Palantir's financial performance has shown a positive trend in the recent past. The company reported revenue of $883.9M, which is up by 6.8% from the previous quarter and up by 30.3% YoY. Gross profit stood at $710.9M, showing an increase of 8.9% QoQ and a rise of 29.4% YoY, indicating that the company is efficiently managing its cost of sales and generating healthy profits from its operations.

The operating income profit was $176M, which surged massively by 1494.2% QoQ and increased by 67.1% YoY, suggesting that Palantir's operational management is highly effective.

The EBITDA ratio was at a moderate level of 0.2 last quarter.

Stock Price

The stock price currently stands at $158.74 with an impressive growth rate of approximately 400% over the year and about a growth rate of nearly 7% in just one month indicating strong bullish sentiment among investors for Palantir's stock.

RSI value being at around mid-level (43), suggests neither overbought nor oversold condition for the stock while the stock trading above its long-term average (200-day moving average) indicates strength in trend.

Alternative Data Signals

A significant surge in website traffic (+11%) MoM and more than half (+63%) YoY could indicate growing interest or engagement with their services or products among users or potential customers.

In terms of human capital, there is an upward trend as well with job openings increasing both on monthly basis (+2.2%) and yearly basis (+20.6%). This could be a signal of expansion or growth in business activities.

However, the company has seen a slight decrease in employees' positive business outlook YoY (-10.8%), which might indicate some concerns or challenges within the organization that need to be addressed.

On social media, Palantir's following has been growing significantly on Twitter (+109% over last 90 days) and moderately on Facebook (+5% over last 90 days), suggesting increasing brand awareness and engagement with its audience.

Conclusion

In conclusion, considering the strong financial performance, positive trend in stock price backed by technical indicators, and mostly positive alternative data signals (except for employee business outlook), the analysis is bullish for Palantir's stock.

Note: This AI Stock Analysis is based on data as of August 23. 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 $158.7, 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.