Where Will Palantir Stock Be in 5 Years?

Palantir (NASDAQ: PLTR) has become one of the leading companies in artificial intelligence (AI), proving the revolutionary technology has incredible utility and value in the real world. With companies further up the value chain reaching gargantuan valuations -- Nvidia's market capitalization is currently about $3.4 trillion -- investors are eager to see AI deliver on its promise. Palantir is doing just that.Wall Street had high expectations for the company's latest earnings. Palantir beat those expectations by a healthy margin, posting $725 million in revenue for the quarter when just $703 million was expected. That's a 27% gain compared to the third quarter of 2023.That kind of growth is what investors love to see. Though the company has seen double-digit growth every quarter for years, that's the biggest jump since the middle of 2022. The growth was driven by a boom in the company's commercial segment, both in number of clients and overall value. Palantir's bread and butter is its government contracts. Make no mistake; that side of the business is still going strong, but commercial clients like Microsoft are becoming a bigger part of the story.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool