BUZZ-Palantir jumps as US government contracts boost quarterly sales
Palantir PLTR | 146.96 | -3.71% |
** Shares of data analytics company Palantir PLTR.O climb 12.02% to $165.52 in premarket trading
** The company, on Monday, reported total sales of $1.41 billion for Q4, above analysts' average estimate of $1.33 billion, according to LSEG-compiled data
** Co sees revenue between $7.18 billion and $7.20 billion in 2026 vs. average estimates of $6.22 billion
** Revenue from the U.S. government jumped 66% to $570 million
** "With 2026 guidance targeting growth of +61%, PLTR is on course to reach $10B in revenue ...underscoring its status as a clear AI winner," Morgan Stanley analysts said
** Palantir forecast Q1 sales between $1.53 billion and $1.54 billion, above estimates of $1.32 billion
** Companies, including Palantir, working with U.S. Immigration and Customs Enforcement (ICE) have come under scrutiny following the fatal shootings of two U.S. citizens in separate incidents in January
** 10 of 27 brokerages rate the stock "buy" or higher, 14 "hold" and 3 "sell" or lower; their median PT is $198 - data compiled by LSEG
** As of last close, PLTR down nearly 17% YTD
