Palantir reported 93% sales growth and raised its yearly sales forecast, supporting its business outlook. But its shares trade at about $179 for each $1 of past-year profit, so a weak November report could disappoint.
The strong sales growth and higher company forecast suggest customers are spending more on Palantir's software. Goldman also expects more government contracts, but that is a bank's expectation, not a signed deal. Investors pay about $179 for each $1 Palantir earned over the past year, so a weak November report could disappoint.
Palo Alto Networks gained 5% on Friday as software stocks rose. The story reports no new company results or business change, so its outlook is unchanged.
CrowdStrike gained 4% on Friday as software stocks rose. The story reports no new company results or business change, so its outlook is unchanged.
Follow Palantir Technologies Inc. (PLTR) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for PLTR