TLDR:
Palantir Technologies, an AI leader, is trying to regain a buy point ahead of its Q2 earnings. The company offers software for various industries and is making progress with its Artificial Intelligence Platform. Analysts expect strong earnings growth with Q2 EPS estimated to be up 61% and revenue expected to rise 22%. Palantir stock boasts a 96 Composite Rating and is a market leader to watch.
Key Points:
- Palantir Technologies is trying to regain a buy point ahead of Q2 earnings
- The company offers software for various industries and is making progress with its AI platform
- Analysts expect Q2 EPS to be up 61% and revenue to rise 22%
- Palantir stock has a 96 Composite Rating and is considered a market leader
Full Article:
The AI leader Palantir Technologies is working to regain a recent entry point ahead of its Q2 earnings report. The company provides software solutions for a range of industries, including energy, defense, auto, and healthcare, addressing various business needs such as workflow optimization and software security.
Palantir has been making strides with its Artificial Intelligence Platform, with over 1,300 AIP boot camps completed since 2023. Analysts polled by FactSet expect Q2 earnings to be up 61% on an adjusted basis, with revenue projected to increase by 22%. For the full year, Palantir earnings are expected to jump 32% to 33 cents per share, followed by a further 19% increase in 2025.
After clearing a buy point in a cup-with-handle formation, Palantir stock is aiming to regain an alternate entry. The company’s strong earnings growth and price performance have led to a high Composite Rating of 96, making it a market leader to watch.