Palantir (PLTR) Stock Price

Financial Performance

Palantir's financial performance in the last quarter has shown positive signs with revenue of $883.9M, marking a growth rate of 6.8% from the previous quarter and an impressive increase of 30.3% YoY. Gross profit was at $710.9M, up by 8.9% QoQ and by 29.4% YoY, indicating strong profitability and cost management strategies in place at Palantir.

The company's operating income profit was reported at $176M, which is a remarkable increment of almost fifteen times from the previous quarter and a rise by 67.1% YoY, suggesting robust operational efficiency.

The EBITDA ratio for the last quarter stood at .2 which indicates that it is generating significant earnings before interest, taxes, depreciation, and amortization.

Stock Price

The stock price currently stands at $177.65 showing an upward trend with an increment of .3% in the past month and a whopping surge of over three folds or exactly 382.2% YoY.

Talking about technical indicators; RSI value stands at around mid-range (60.65), suggesting neither overbought nor oversold conditions exist currently for Palantir's stock while its PE ratio is quite high standing at around six hundred times(592.17) hinting towards investors' high expectations from future earnings.

Alternative Data Signals

In terms of alternative data signals such as website traffic trends & social media followers; these show promising signs for Palantir with visitors to their site increasing by approximately seven percent MoM and more than doubling on YoY basis while their Twitter following has more than doubled in the last 90 days.

However, the YoY decrease of eight percent in employees reporting a positive business outlook could be a potential concern for investors. The company also seems to be expanding its workforce with current job openings up by .4% MoM and by over fifteen percent YoY.

Conclusion

In conclusion, considering Palantir's strong financial performance, upward trending stock price and promising alternative data signals; we can say that the analysis is bullish on Palantir's stock. However, high PE ratio and slight decline in employee business outlook are areas of caution.

Note: This AI Stock Analysis is based on data as of September 29. 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 $182.4, will... Sign up to access price prediction.