(CercleFinance.com) – Palantir seriously stalled Tuesday morning on the New York Stock Exchange, victim of profit-taking the day after the publication of its results, after having gained nearly 47% since the start of the year.
The predictive analysis specialist reported yesterday evening a sixth consecutive quarter of profitability within the meaning of GAAP accounting standards, which include exceptional items.
Its net profit increased by 17% in the January-March period, to $105.5 million, on the basis of turnover which increased by 21% to $634.3 million, then that the consensus was targeting 615 million.
The Denver group also raised its forecast for annual turnover, now expected between 2,677 and 2,689 million dollars, but these objectives were considered ‘cautiously optimistic’ by investors.
As a result, the stock fell by more than 12% on Tuesday in early trading.
From the point of view of analysts at Wedbush Securities, who have an ‘outperform’ opinion and a price target of $35 on the stock, this decline constitutes a ‘golden opportunity’ to take a buying position on this ‘pure player’. ‘ (100% specialist) in AI.
Other professionals are wondering, on the contrary, if the time has not come for the title to take a breather after its spectacular rise in recent months.
‘The stock is trading at 17x its expected revenue for 2025 and based on anticipated growth of around 20% and we believe that Palantir will now have to prove its ability to execute well and grow in order to justify a level higher valuation’, judge the Mizuho teams.
The stock still shows an increase of 225% over the past 12 months.
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