Palantir (PLTR) Stock Price

Financial Performance

Palantir's revenue in the last quarter was $883.9M, marking a growth of 6.8% from the previous quarter and 30.3% YoY. Their gross profit stood at $710.9M, reflecting an increase of 8.9% QoQ and 29.4% YoY, indicating a strong profitability trend. The company's operating income surged by an impressive 1494.2% QoQ and 67.1% YoY to reach $176M while their EBITDA ratio remained stable at 0.2.

Stock Price

The stock is currently trading at $177.17, up by 19.2% over the past month and has seen a massive surge of 452.3% YoY, indicating strong investor confidence in the company's prospects and performance.The RSI value stands at a moderate level of 59.78 suggesting that it is neither overbought nor oversold currently while its PE ratio stands relatively high at approximately 590 which may indicate overvaluation but could also be interpreted as investors expecting high future earnings growth from Palantir.

Alternative Data Signals

In terms of alternative data signals, Palantir's web traffic shows robust growth with around an estimated monthly visitor count of about ~1,216,566 up by about +11%. They have witnessed a slight drop in job openings (down -4%), possibly due to recent hiring or restructuring efforts within the company.
The business outlook among employees remains positive with about two-thirds (66%) reporting optimism for the future despite being slightly lower than last year (-10%).
On social media platforms like Twitter and Facebook they are seeing healthy growth in their follower count suggesting increasing brand visibility and popularity.

Conclusion

Considering the strong financial performance, positive alternative data signals, and robust stock price appreciation, the outlook for Palantir's stock is bullish. However, investors should keep an eye on the high PE ratio and monitor if the company can meet these high future earnings expectations.

Note: This AI Stock Analysis is based on data as of August 16. 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 $174, 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.