Palantir’s Earnings Push: Why the Stock is Climbing Hosted by MarketBeat StaffAugust 12, 2024 ShareLink copied to clipboard. Play video for Palantir’s Earnings Push: Why the Stock is ClimbingDetailsGuestsIn this MarketBeat update, analysts Chris Markoch and Thomas Hughes dive into what’s fueling the recent surge in Palantir’s stock price. Palantir's latest earnings report showed impressive growth, with revenue up 27% year-over-year, boosted by both government contracts and a strong 55% growth in the commercial sector. The company also posted another profitable quarter and raised guidance for the upcoming quarter and the rest of the year. Join us as we explore whether Palantir's strong performance justifies its nearly $30 stock price and what this could mean for investors.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioPLTRPalantir Technologies2.5872 of 5 stars2.59 / 5 stars$34.59+14.0%N/A288.27 Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTesla of the Skies? SRFM Takes FlightRemember when Tesla disrupted the auto industry? 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Hosted by MarketBeat StaffAugust 12, 2024 ShareLink copied to clipboard. Play video for Palantir’s Earnings Push: Why the Stock is ClimbingDetailsGuestsIn this MarketBeat update, analysts Chris Markoch and Thomas Hughes dive into what’s fueling the recent surge in Palantir’s stock price. Palantir's latest earnings report showed impressive growth, with revenue up 27% year-over-year, boosted by both government contracts and a strong 55% growth in the commercial sector. The company also posted another profitable quarter and raised guidance for the upcoming quarter and the rest of the year. Join us as we explore whether Palantir's strong performance justifies its nearly $30 stock price and what this could mean for investors.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioPLTRPalantir Technologies2.5872 of 5 stars2.59 / 5 stars$34.59+14.0%N/A288.27 Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTesla of the Skies? SRFM Takes FlightRemember when Tesla disrupted the auto industry? Buckle up, because Surf Air Mobility (NYSE:SRFM) could have t...Market JAR | Sponsored7 Retail Stocks to Buy for a Back-to-School SurgeAdvice like “skate where the puck is going" may sound like billboard investing, but there's a lot of tru...MarketBeatThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | Sponsored7 Restaurant Stocks to Profit from the Trend Towards Fast CasualIf you're a data-driven investor, you may be surprised to learn that fast-casual restaurant stocks are some of...MarketBeatExposed: The Plot to Destroy AmericaIs Your Family Prepared for Kamala’s America? The coup has already begun. Kamala Harris is just one step aw...Banyan Hill Publishing | Sponsored20 "Past Their Prime" Stocks to Dump From Your PortfolioDid you know the S&P 500 as we know it today does not look anything close to what it looked like 30 years ...MarketBeat
