Palantir (PLTR) Stock Price

Financial Performance

Palantir exhibited strong financial performance in the last quarter with revenues of $883.9M, marking a YoY growth of 30.3% and QoQ growth of 6.8%. The gross profit stood at $710.9M, up by 29.4% YoY and by 8.9% QoQ, indicating an efficient cost structure and robust business model. The operating income was significantly improved to $176M, demonstrating a massive surge from the previous quarter (1494.2%) as well as from the previous year (67.1%). However, with an EBITDA ratio of only 0.2, there might be concerns about the company's profitability.

Stock Price

The stock price has shown remarkable improvement over the past year with a YoY increase of nearly four-fold (398.9%), currently trading at $187.05 which is up by 9.3% in just one month alone - indicating strong investor confidence and market sentiment towards Palantir's operations and future prospects.The RSI value stands at a high level of 69.41 suggesting that the stock could be nearing overbought territory while its long-term momentum remains positive with its price being significantly above its 200-day moving average ($120.5).

Alternative Data Signals

In terms of alternative data signals, Palantir seems to be growing steadily across multiple fronts: website traffic sees an upward trend both MoM (6.7%) and YoY (80%), indicative of increasing interest in their platform; despite slight decrease MoM (-0 .9%) in job openings, it still suggests expansion plans; employee outlook is mostly positive though slightly lower than last year, and social media following on Twitter and Facebook has seen significant increases over the past three months, demonstrating growing public awareness and interest in Palantir.

Conclusion

In conclusion, considering the strong financial performance, upward trending stock price, positive alternative data signals, despite some concerns around profitability (low EBITDA ratio) and potential overbuying (high RSI), the overall outlook for Palantir's stock appears to be bullish.

Note: This AI Stock Analysis is based on data as of October 02. 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 $178, will... Sign up to access price prediction.