"Shares of Palantir Technologies (NASDAQ:PLTR) popped 8.43% over the past five trading sessions after losing 1.96% the five prior. So far this year, the stock is up 123.31%, and since its October 2022 IPO, PLTR has surged an eye-catching 1,725.11%. In early August, it was reported that the U.S. Army is consolidating 75 contracts into a single 10-year arrangement with Palantir valued at $10 billion."
"While the stock's forward P/E ratio of 188.68 can be concerning, Palantir's federal contracts and aerospace ties are expected to continue fueling growth. While earnings are rear-facing, the emerging trends seen in the company's Q1 results can serve as a foundation for further rewards for shareholders. In the first quarter, Palantir saw year-over-year revenue growth of 39%. U.S. commercial business surpassed a $1 billion run rate, good for 71% year-over-year growth. Meanwhile, its U.S. government revenue grew 45% year-over-year."
Palantir shares rallied and are up 123.31% year-to-date, representing a 1,725.11% gain since the October 2022 IPO. The U.S. Army is consolidating 75 contracts into a single 10-year, $10 billion arrangement with Palantir. Q2 revenues rose 48% year-over-year and exceeded $1 billion, with U.S. government revenue increasing 53% to $426 million. EPS beat expectations at $0.16 versus $0.14 and full-year revenue guidance was raised to $4.142–$4.150 billion. Q1 trends showed 39% revenue growth, a $1 billion commercial run rate, and continued government and commercial expansion.
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