English
Back
Download
Log in to access Online Inquiry
Back to the Top

Tesla

238.83 -0.52%

Alibaba

73.99 -1.19%

Coinbase

133.76 7.25%

NVIDIA

467.65 -0.01%

PDD Holdings

145.27 -1.47%

Marathon Digital

13.7 14.45%

Meituan Unsponsored ADR Class B RegS

22.66 -2.16%

NIO Inc

7.15 -1.65%

Bilibili

11.51 1.59%

Apple

191.24 0.68%

Futu Holdings Ltd

54.43 0.95%

XPeng

15.74 -5.24%

Microsoft

374.51 -1.16%

WUXI BIOLGCS ADR

11.02 -0.54%

Li Auto

36.3 -1.76%

Riot Platforms

13.77 9.72%

GameStop

15.3 5.15%

Pfizer

28.91 -5.12%

Tencent

41.04 -1.39%

Uber Technologies

57.35 1.72%

Tesla

238.83 -0.52%

Alibaba

73.99 -1.19%

Coinbase

133.76 7.25%

NVIDIA

467.65 -0.01%

PDD Holdings

145.27 -1.47%

Marathon Digital

13.7 14.45%

Meituan Unsponsored ADR Class B RegS

22.66 -2.16%

NIO Inc

7.15 -1.65%

Bilibili

11.51 1.59%

Apple

191.24 0.68%

Futu Holdings Ltd

54.43 0.95%

XPeng

15.74 -5.24%

Microsoft

374.51 -1.16%

WUXI BIOLGCS ADR

11.02 -0.54%

Li Auto

36.3 -1.76%

Riot Platforms

13.77 9.72%

GameStop

15.3 5.15%

Pfizer

28.91 -5.12%

Tencent

41.04 -1.39%

Uber Technologies

57.35 1.72%

Palantir Stock FY2023 Q4 Third-party Analysts' Forecast & Preview

 

Table of Content

Part 1: Palantir Stock Latest News

1. Latest PLTR Palantir Stock Price, December 4th, 2023

2. Palantir Stock Price Performance, December 4th, 2023

  • - Last 7 Days: +2.84%
  • - Last 1 Month: +9.33%
  • - Last 6 Months: +33.01%
  • - Last 1 Year: +181.92%
  • - YTD: +47.85%

According to IBD, Palantir Technologies (PLTR) stock has seen positive momentum in 2023, advancing 120% year-to-date as of September 25. The stock hit a 52-week intraday high on August 1 as artificial intelligence stocks rallied. However, PLTR has pulled back from that peak as of late September. The stock is still trading well below its all-time high of $45 set in January 2021.

 

In Q2 2022, Palantir met analyst estimates with adjusted earnings per share of 5 cents on revenue of $533 million, up 13% year-over-year. Revenue growth has slowed from previous years, decelerating from 40% growth in 2021 to 24% in 2022.

 

The company generates most of its revenue from government agencies, which accounted for $302 million in Q2 2022, up 15% year-over-year. Commercial revenue grew at a slower 10% clip to $232 million.

 

Palantir has delivered GAAP profits for three straight quarters. The company announced a $1 billion share buyback program in Q2.

 

Management's Q3 and full-year 2022 revenue guidance is roughly in line with expectations. Investor disappointment in the outlook appeared to contribute to a stock pullback following Q2 results.

 

According to IBD, Bulls see potential for Palantir's artificial intelligence offerings to boost growth, especially in commercial markets like health care and manufacturing. But the company needs to demonstrate progress developing new revenue streams in AI.

 

Source: Is Palantir Stock A Buy On Artificial Intelligence Outlook? (www.investors.com) >>

 

Part 2:Palantir FY2023 Q3 Earnings Report Recap

1. Palantir Key Indicators and Historical Earnings Report

 

  Palantir FY2023 Q3 Key Indicators   Value   YOY
  EPS   $0.03   -150.00%
  PE Ratio   --   /
  FCF   $131.9M   +304.16%
  Current Ratio   5.53   +29.17%
  ROA   1.75%   -146.62%
  ROE   2.33%   -144.48%
  Gross Margin   80.66%   +4.11%
  Net Margin   13.16%   -150.76%

 

For more information, such as definitions and explanations of the above technical terms, please view:

Interpretation of Key Indicators >>

 

Join Moomoo to enjoy detailed business earnings data in one place - we offer brief summaries of financial reports to help you visualize financial data and forecast at a glance. You can simply visualize core estimates in easy-to-read charts while accessing live-streaming earnings conference calls to stay on top of earnings season.

Open account and uncover potential investment opportunities with moomoo >> 

moomoo free stock
  • Key Takeaways:

    ● PLTR delivered strong growth in revenue, profits and cash flow amid macroeconomic headwinds. Margin expansion reflects operational leverage.

    ● Commercial momentum remained robust, especially in the US.

     

    Growth Prospects

    ● PLTR has delivered double-digit revenue growth amid a challenging macro environment, demonstrating the durability potential of its business model. Total revenue grew 13% to $533 million in Q2 2023.

    ● Key segments like U.S. commercial saw revenue growth accelerate to 20% year-over-year to $103 million. Government revenue grew 15%.

    ● Average revenue per top 20 customers increased 15% to $53 million, reflecting strong customer retention and expansion trends.

    ● Management raised full-year guidance, signaling confidence in growth outlook despite economic uncertainty.

     

    Profitability and Cash Flow

    ● PLTR achieved its third straight quarter of GAAP profitability and positive free cash flow. Adjusted operating margin expanded to 25% in Q2 from 17% last year.

    ● With $3.1 billion in cash and no debt, PLTR has a balance sheet that provided downside protection and strategic flexibility.

     

    Valuation

    ● After the significant stock price decline, PLTR trades at around 7x estimated 2023 revenue, a discount to high-growth software peers.

     

    Outlook

    ● For Q3 2023, PLTR expects adjusted operating income of $135-139 million and revenue of $553-557 million.

    ● For full-year 2023, PLTR raised its adjusted operating income guidance to over $576 million and revenue guidance to over $2.212 billion.

 

Part 3:Palantir FY2023 Q4 Earnings Report Forecast & Preview

1. Palantir FY2023 Q4 Forecast By Third Party Analyst Rating, December 4th

Following an extensive evaluation of Tesla's financial data, revenue, and stock trends over the last few quarters by more than 13 third-party financial analysts, PLTR Stock has been given a Hold rating. Analysts forecast an average stock price of $15.180 (Average) for the next 12 months.

 

- Third Party Analyst rating: Hold

- Palantir Price Target: $15.180

- Forecast of FY2023 Q4 EPS: $0.030

- Forecast of FY2023 Q4 Revenue: $603M

- Forecast of FY2023 Q4 EBIT: $185.8M

 

Source: https://www.benzinga.com/quote/PLTR/analyst-ratings

For more information on what the analyst ratings may mean, visit https://pro.benzinga.com/blog/what-do-stock-analyst-ratings-mean/ (Benzinga is not affiliated with Moomoo Technologies Inc., Moomoo Financial Inc., or its affiliates.)

moomoo technical analysis

 

2. Palantir Forecast By Technical Analysis, December 4th, 2023

  Technical Indicators   Value   Signal
  KDJ   k:42.797 D:42.729 J:42.933   neutral
  OSC   OSC:69.500   bearish
  BIAS   BIAS1:2.937 BIAS2:1.693 BIAS3:7.183   bearish
  RSI(12)   RSI12:61.928   bearish
  RSI(24)   RSI24:60.150   bearish
  MACD   DIF:0.755 DEA:0.825 MACD:-0.141   neutral
  MA   MA5:19.790 MA10:19.947 MA20:19.575 MA30:18.293 MA60:17.122   neutral
  BOLL   MID:19.575 UPPER:21.028 LOWER:18.122   neutral

 

For more information, such as definitions and explanations of the above technical terms, please view: 

Interpretation of technical indicators >>

 

Note:

This article is offered by Moomoo Technologies Inc. All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.

 

Moomoo may share or provide links to third-party content. Doing so is intended to provide additional perspective and should not be construed as an endorsement or recommendation of any chat room, channel services, products, guidance, individuals, or points of view.

 

This article is for educational use only and is not a recommendation of any particular investment strategy. Content is general in nature, strictly for educational purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. 

 

You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. All investing involves risks. This content is also not a research report and is not intended to serve as the basis for any investment decision. 

 

The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. All company analysis information is provided by third parties and is not compiled by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.

 

The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. 

 

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.