PLTRPalantir Technologies (NASDAQ)
AFTER HOURS 07:59 PM ET 5/21/2025
$120.39
0.19
0.16%
Volume: 1.4 Mil
Market Close
$120.58
$5.01 (3.99%)
Volume % Chg:
24%
Buy Point:
$125.26
Position Size:
Half
Buy Range:
$125.26 - $131.52
Current Action:
Palantir was added May 13 as it cleared a cup-with-handle base. The stock is testing the entry and is just below the buy zone.
Leaderboard Analysis:
The stock has rebounded with power after spending seven weeks below the 10-week line. The stock, a true market leader in 2024, has been rising after inking a deal with NATO for one of its AI-enabled military systems. It is working on the right side of an emerging new base after falling as much as 47% off its all-time high amid a broader stock market correction. PLTR previously sank sharply below its 10-week line, triggering a key sell rule. It's now spent seven weeks beneath the key moving average. Palantir reversed sharply lower in huge volume on Dec. 9, an unequivocal sell signal. Prior to the downside reversal, shares soared on news Sept. 6 on news it was getting added to the S&P 500. Headed into the S&P 500 inclusion news, the stock was extended after a bounce off the 10-week line near 29.17. The 5% buy zone went up to 30.63. During the last three weeks of August, Palantir technically generated a 3 weeks tight and a 33.13 alternate entry. But the daily chart does not really show tight trading, a flaw for this special follow-on buy pattern. Nonetheless, shares surged past this follow-on buy point with a 14% rally in heavy turnover on Sept. 9. The consolidation that started in early March 2024 showed a shallow pullback of 26%. Palantir briefly cleared the buy point in July, then quickly paid a visit to its 200-day moving average. Such volatility reflected unstable market conditions.
Backstory:
Palantir, a data analytics firm, serves government and commercial clients. For Q2, total sales hit $678 mil, of which government revenue rose 23% to $371 million, topping estimates of $349 million in sales. In addition, commercial revenue rose 33% to $307 million, ahead of the $306 million consensus view. Further, U.S. commercial revenue jumped 55% to $159 million. In Q3, earnings and revenue topped expectations gains, with revenue up 30% to $726 million. Palantir also bumped up its full-year revenue guidance. Mutual funds owning PLTR have hit as high as 2,133 at the end of the fourth quarter in 2024, up from 1,118 a year earlier and 876 in Q1 of 2023. Return on equity hit 24% in 2024. In Q1 of 2025, funds rose to 2,356. After the close on Feb. 3, Palantir posted 14 cents in adjusted earnings per share, well above the 11-cent consensus view. Revenue jumped 36% to $828 mil, $47 mil above the Street's view. The company forecast Q1 revenue at $858 mil-$862 mil, above analysts' consensus estimate of $799 mil. Commercial sector revenue rose 64% to $214 mil while government revenue increased 45% to $343 mil. Palantir also closed 129 deals of at least $1 mil per customer and 32 deals that topped $10 mil each. U.S. commercial total contract value hit a record $803 mil. Wall Street has bumped up its profit views to 55 cents a share this year, up 35%, and up another 25% to 69 cents in 2026. On Monday, the company beat Q1 revenue views with $884 million and raised FY 2025 sales guidance to $3.89 bil-$3.90 bil vs. the $3.75 bil estimate. Earnings rose to 13 cents, up 62% vs. a year earlier and meeting views. Q1 government-related revenue of $373 mil beat FactSet's consensus estimate by $18 million, while commercial unit revenue of $255 mil jumped 71% and also beat views.
Recent Articles:
Palantir Sees $936 Million In Second-Quarter Sales
Q1 Earnings Preview
NATO Buys Palantir AI-Warfighting Maven Software System
Palantir Surges On December Quarter Results, Sales Outlook
Palantir Pops Amid $619 Mil Army Contract Extension
Palantir Jumps On Strong Q3 Results
Microsoft, Palantir Team Up On Artificial Intelligence, National Security Push
Palantir Surges On Q2 Earnings Beat. But Bearish Analyst Views Persist
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