$Palantir (PLTR.US)$ @PalantirTech $PLTR review 🧵 Today! W...
$Palantir(PLTR.US$ @PalantirTech $PLTR review 🧵 Today!
Wedbush analyst @DivesTech reaffirmed Palantir Technologies' (NYSE: PLTR) “outperform the market” rating and maintained a target price of $35.
Palantir will release its second-quarter 2024 earnings on August 5, but there are mixed opinions about the value of its shares.
Palantir's stock is up 51% this year.
The company expects second-quarter revenue of $0.6659 billion, a moderate year-over-year increase, and an operating margin of 36.1%, which indicates cautious and steady growth.
The upcoming earnings report is critical for Palantir as a positive surprise could push the stock above $30.
AIP — a game changer for Palantir
According to Ives, “As the AI revolution gradually affects second, third, and fourth derivatives, Palantir is well positioned to take advantage of this wave of consumption, put AIP first, monetize AI demand, and continue to build use cases across industries.”
Palantir's Artificial Intelligence Platform (AIP) is expected to be at the core of its growth strategy to meet growing demand for artificial intelligence. The company has been actively expanding its use cases, building a strong partner ecosystem, and enhancing its product offering to enter the enterprise-grade generative AI market.
Palantir's US commercial growth and government deals
Palantir's strength is its ability to drive significant growth in the US business sector. Ives anticipates that, driven by “strong deal conversion,” the company will break the critical 45% growth threshold in this sector.
He said, “We expect US business growth to make headlines, and this growth will surpass the critical growth threshold of about 45% after a strong transactional shift.”
The company is also preparing to speed up government deals, targeting the critical September federal quarter.
As Ives notes, “Wall Street's focus will be on understanding the AIP channel transformation, the continued momentum of American commerce, and the acceleration of government transactions into the critical September federal quarter.”
Palantir's Bootcamp Transformation Strategy: Competitive Advantages
One of the key strategies Palantir adopted was its bootcamp transformation strategy. This approach not only shortens the sales cycle, but also speeds up the signing of multi-year, multi-million dollar contracts.
Ives pointed out, “The success of the training camp will be a key data point to look for during the conference call. The company's bootcamp conversion strategy continues to pay off, with slower sales cycles and shorter changeover times.”
This bootcamp strategy is helping Palantir guide its customers to deploy products, optimize workflows, and achieve operational results at industry-leading speeds. In the ongoing artificial intelligence revolution, it remains a key differentiator for Palantir as it strives to expand its market share.
Palantir's “Prove Me” Moments
Despite Palantir's success, the market remains cautious. The upcoming earnings call was seen as a key “prove me” moment for the company, particularly regarding its business growth strategy.
Ives acknowledged this skepticism, saying, “Wall Street remains highly skeptical about Palantir's commercial growth strategy, and data points from customers on the AIP path this quarter/ will be the focus of Wall Street's attention, as this June quarter is another 'prove me' moment in Palantir's story.”
Palantir's position in the artificial intelligence market
As Palantir prepares to report its earnings, investors and analysts will be watching closely how the company's artificial intelligence strategy unfolds. With a strong product portfolio and a clear focus on AI-driven growth, Palantir is well positioned to capture a significant share of the booming artificial intelligence market. Ives's optimistic outlook reflects Palantir's potential to become a dominant force in the industry, just like Messi in soccer.
With an better-than-market rating and a target price of $35, Palantir proved that its courage was risky. The upcoming earnings report could be a game changer, reaffirming Palantir's status as an “AI Messi.”
Wedbush analyst @DivesTech reaffirmed Palantir Technologies' (NYSE: PLTR) “outperform the market” rating and maintained a target price of $35.
Palantir will release its second-quarter 2024 earnings on August 5, but there are mixed opinions about the value of its shares.
Palantir's stock is up 51% this year.
The company expects second-quarter revenue of $0.6659 billion, a moderate year-over-year increase, and an operating margin of 36.1%, which indicates cautious and steady growth.
The upcoming earnings report is critical for Palantir as a positive surprise could push the stock above $30.
AIP — a game changer for Palantir
According to Ives, “As the AI revolution gradually affects second, third, and fourth derivatives, Palantir is well positioned to take advantage of this wave of consumption, put AIP first, monetize AI demand, and continue to build use cases across industries.”
Palantir's Artificial Intelligence Platform (AIP) is expected to be at the core of its growth strategy to meet growing demand for artificial intelligence. The company has been actively expanding its use cases, building a strong partner ecosystem, and enhancing its product offering to enter the enterprise-grade generative AI market.
Palantir's US commercial growth and government deals
Palantir's strength is its ability to drive significant growth in the US business sector. Ives anticipates that, driven by “strong deal conversion,” the company will break the critical 45% growth threshold in this sector.
He said, “We expect US business growth to make headlines, and this growth will surpass the critical growth threshold of about 45% after a strong transactional shift.”
The company is also preparing to speed up government deals, targeting the critical September federal quarter.
As Ives notes, “Wall Street's focus will be on understanding the AIP channel transformation, the continued momentum of American commerce, and the acceleration of government transactions into the critical September federal quarter.”
Palantir's Bootcamp Transformation Strategy: Competitive Advantages
One of the key strategies Palantir adopted was its bootcamp transformation strategy. This approach not only shortens the sales cycle, but also speeds up the signing of multi-year, multi-million dollar contracts.
Ives pointed out, “The success of the training camp will be a key data point to look for during the conference call. The company's bootcamp conversion strategy continues to pay off, with slower sales cycles and shorter changeover times.”
This bootcamp strategy is helping Palantir guide its customers to deploy products, optimize workflows, and achieve operational results at industry-leading speeds. In the ongoing artificial intelligence revolution, it remains a key differentiator for Palantir as it strives to expand its market share.
Palantir's “Prove Me” Moments
Despite Palantir's success, the market remains cautious. The upcoming earnings call was seen as a key “prove me” moment for the company, particularly regarding its business growth strategy.
Ives acknowledged this skepticism, saying, “Wall Street remains highly skeptical about Palantir's commercial growth strategy, and data points from customers on the AIP path this quarter/ will be the focus of Wall Street's attention, as this June quarter is another 'prove me' moment in Palantir's story.”
Palantir's position in the artificial intelligence market
As Palantir prepares to report its earnings, investors and analysts will be watching closely how the company's artificial intelligence strategy unfolds. With a strong product portfolio and a clear focus on AI-driven growth, Palantir is well positioned to capture a significant share of the booming artificial intelligence market. Ives's optimistic outlook reflects Palantir's potential to become a dominant force in the industry, just like Messi in soccer.
With an better-than-market rating and a target price of $35, Palantir proved that its courage was risky. The upcoming earnings report could be a game changer, reaffirming Palantir's status as an “AI Messi.”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
