$Palantir(PLTR.US)$ @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 always...