Overview
- Palantir reported first-quarter revenue of about $1.63 billion, up 85% from a year ago, with a 53% GAAP profit margin.
- U.S. commercial sales rose 133% to $595 million as growth from business customers outpaced gains from government contracts.
- A partnership announced May 12 between SAP, Palantir, and Accenture will use Palantir’s AI Platform to speed SAP Cloud ERP migrations by automating analysis, testing, and remediation.
- JPMorgan data show retail traders were net sellers in the week through May 13, unloading about $82 million of Palantir shares while shifting money into semiconductor and memory ETFs.
- The stock trades near 90 to 100 times forward earnings, yet some analysts remain upbeat, with Freedom Broker raising its price target to $230 after Palantir lifted guidance.