Palantir Technologies Inc. PLTR It is still a long -term arrow despite the recent fluctuations in the market, with the ability to reach a $ 1 trillion evaluation, according to it. McGo willDirector of Investments in Prime Capital Mali.
What happened: McGong maintains his recommendation for purchase regarding the artificial intelligence programs company even after its shares increased by 55 % this year, which prompted its price to 281 billion dollars, which is now exceeding now SalesforceWhich generates revenue more 10 times, I mentioned CNBC.
“I think you own it to ride the dollar market, knowing that it will be very volatile,” said McGo.
The upcoming expectations are in line with Securities Wedbush analyst Dan EveWho recently raised its target price from $ 120 to 140 dollars, while the “The Messi of Ai” and “a basic name in the artificial intelligence revolution.” IVES has similarly expected a trillion dollars within three years, noting the company’s success through its AIP product and millions of dollars.
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Why do it matter: The noble evaluation measures of Palantir are still controversial, as they traded with successive profits 520 times, about 200 times from the front profits and 90 times revenue. The contrast created a blatant gap between the institutional skeptics and the retail investors who paid the shares more than 400 % last year.
Data Analysis Company has reported great results in the first quarter, with expectations that brought revenue at 883.86 million dollars, an increase of 39 % on an annual basis. American trade revenues increased specifically by 71 %, while the CEO Alex Carb Description “Techton transformation” in the adoption of programs.
PriceBalnoter closed at $ 117.30 on Friday, a decrease of 1.55 % for this day. In post -hours trading, the stock decreased by 0.49 % to $ 116.72. A year so far, Palantir 56 % shares increased.
Palantir Technologies shows a strong and momentum growth, but it ranks low in evaluation measures, according to Benzinga Stock Edge classifications. PLTR shares show a positive price for both short and long -term periods. Check the detailed report here.
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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.
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