Should you buy Palantir stock? (November 2024)

Published first at https://www.3minutebreakdowns.com Palantir stock analysis. Ticker: $PLTR Palantir just reported earnings and the stock jumped 13% after hours taking the company’s market valuation to 115 billion dollars. With 4.6 billion of cash and investments and no debt the enterprise value is 110.3 billion. There’s no doubt that this was a blowout quarter for Palantir. Even CEO Alex Karp admitted that management were shocked by the numbers in the company’s third quarter report. Total Palantir revenue grew 30% year on year with US commercial sales growing 54% and US government sales growing 40%. The number of customers grew 39% and Palantir increased its outlook, anticipating another 6% growth by the end of the year. Crucially, Palantir is achieving high growth without sacrificing profits. Operating expenses increased by only 13% in the quarter while the company’s asset-light business means low capital expenditures of only 4 million . As a result, Palantir’s net income more than doubled to 144 million and free cash flow surged to 416 million. #palantirstock #investing #stockmarket #stocks