Palantir (PLTR) Stock Price

Financial Performance

Palantir has demonstrated strong revenue growth, with last quarter's revenue of $827.5M representing a 14.1% increase from the previous quarter and a noteworthy 30.5% year over year growth. Gross profit is also on an upward trajectory, reaching $653M, up by 12.8% from the previous quarter and up by 26% year over year. However, operating income profit declined significantly to $11M, down by -90.2% from the previous quarter and down by -86.3% YoY, which could be a cause for concern.

Stock Price

The stock price currently sits at $94.05 and has shown impressive gains with a rise of 9.1% in the last month and an impressive surge of 329.8% YoY, outperforming many competitors in its sector.The RSI value is currently at a neutral level of 57.71 suggesting neither overbought nor oversold conditions exist presently while the stock's robust performance is reflected in its high PE ratio of 494.

Alternative Data Signals

In terms of alternative data signals, Palantir's website traffic seems to have decreased recently with visitors per month dropping by -22%. Job openings are slightly down as well but employee sentiment appears positive with increasing business outlook ratings among employees (73%). Furthermore,the company’s social media presence shows healthy growth especially on Twitter where followers increased substantially by approximately 89%. These factors signal that despite some challenges Palantir remains competitive within its industry.

Conclusion

In conclusion,the analysis is moderately bullish due to solid financial performance,strong stock price trend,and positive alternative data signals despite certain concerns such as the decline in operating income profit and website traffic.

Note: This AI Stock Analysis is based on data as of April 16. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

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 $93.78, 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.