Opinions of Palantir Stock from Market Experts Before Earnings Release
Stay up-to-date with Palantir's (PLTR) anticipated Q1 2022 performance, as analysts approach the software giant's results with a skeptical yet cautious outlook.
Analyst Predictions and Recommendations
As of now, 12 analysts tracking the stock have given various ratings: one "buy," eight "hold," and three "sell." With an average price target of nearly $88, this falls below the stock's Friday close of over $124.
Financial Projections
The Street anticipates Palantir to surpass previous revenue figures by 36%, reporting $862.3 million for Q1 2022, up from $196.9 million in the same quarter last year. The company's adjusted earnings are expected to increase to $324.8 million, or 13 cents per share, from $8 cents in Q1 2021.
NATO Acquisition and Market Confidence
While seeing the future, let's not forget about Palantir's recent past - the North Atlantic Treaty Organization (NATO) announced their acquisition of Palantir's AI-enabled military system last month. This deal not only bolstered investor confidence but also alleviated fears that Europe might reduce its reliance on American defense contractors amid uncertain trade circumstances.
Shares of Palantir have achieved impressive growth so far this year, with an approximately 64% increase as of Friday's close, and a stunning 450% over the past 12 months. But, as Wall Street mulls over Palantir's Q1 2022 results, they'll primarily be focused on the company's growth prospects in both the government and commercial sectors.
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- Analysts expect Palantir's earnings to increase to $324.8 million for Q1 2022, largely surpassing the previous year's earnings of $8 cents per share.
- Despite the cautious outlook, one analyst predicts a buy for Palantir's stock, while eight suggest holding and three advise selling, setting an average price target of nearly $88.
- The North Atlantic Treaty Organization (NATO) recently announced their acquisition of Palantir's AI-enabled military system, bolstering investor confidence and alleviating fears about Europe's decreased reliance on American defense contractors.
- Palantir has seen impressive growth this year, with a 64% increase as of Friday's close and a remarkable 450% increase over the past 12 months; however, Wall Street's focus on the company's Q1 2022 results will primarily center on its growth prospects in both the government and commercial sectors.
