Palantir shares soar as Wall Street cheers revenue boost from AI push
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William Blair on Palantir (PLTR): 'we do not believe the company’s U.S. commercial momentum is sustainable'
February 6, 2024 7:00 AM ESTWilliam Blair analyst Louie DiPalma reiterated an Underperform rating and {REMOVEPT} price target on Palantir Technologies Inc. (NYSE: PLTR)
The analyst comments "Shares are trading up 15%-plus as investors are once again excited about the robust U.S. commercial revenue growth and margin expansion. Despite this enthusiasm, we expect shares to resume their recent downward trend after this earnings pop. Full year 2023 revenue actually came within the guidance range that was originally provided one year ago... More
