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Is Palantir’s Stock Ready to Skyrocket After Latest Army Deal?

Ellis HobbsAvatar
Written by Ellis Hobbs Reviewed by Jack Kellogg Fact-checked by Tim Sykes
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Palantir Technologies Inc.’s upward momentum is buoyed by robust earnings and positive growth outlook, fueled by expanding partnerships in artificial intelligence and analytics. On Friday, Palantir Technologies Inc.’s stocks have been trading up by 2.74 percent.

Strategic Partnerships: Expanding Horizons

  • The momentum for Palantir surged as it bagged a $618.9M contract extension with the U.S. Army. This move extends their support of the Army Data Platform, utilizing Palantir’s AI tools to enhance military operations until 2028.
  • Firms like Wedbush shine a spotlight on Palantir, aligning it alongside giants like Nvidia and Apple due to expectations of robust gains powered by the ongoing AI boom and favorable regulatory steps.
  • A collaboration between Palantir and Pray.com looks promising, targeting faith-based nonprofits to expedite language translations, reducing time and costs with AI capability support.

Candlestick Chart

Live Update At 09:18:02 EST: On Friday, January 17, 2025 Palantir Technologies Inc. stock [NASDAQ: PLTR] is trending up by 2.74%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Resilience and Growth: Palantir’s Financial Metrics

When it comes to trading strategies, many beginner traders are often focused on how much they can earn in the shortest time possible. However, as millionaire penny stock trader and teacher Tim Sykes, says, “It’s not about how much money you make; it’s about how much money you keep.” Successful traders understand that maintaining and growing their portfolio requires careful risk management and disciplined financial planning. By strategically managing their funds and minimizing unnecessary losses, traders can ensure that their earnings contribute to long-term wealth accumulation.

Recent financial highlights of Palantir Technologies Inc. show interesting insights. The company’s strong partnerships drive its revenue growth. Last quarter, Palantir’s revenue hit $725.5M—a significant surge compared to the previous quarters—and it continues to project strong earnings growth potential, reflecting a pattern of resilience in financial health.

The company maintains a high gross margin at 81.1% and has robust liquidity, evidenced by a current ratio of 5.7. This indicates a strong ability to meet short-term obligations—a point emphasized by their quick ratio of 5.6, which underscores their agility in covering any immediate liabilities. Furthermore, Palantir’s forward-thinking investments, such as the expansion with the U.S. Army, are expected to translate into stronger revenue streams and profitability.

More Breaking News

From the stock’s movement perspective, Palantir has been making waves. With a historical high observed last year and a recent steady climb, investors see potential in the shares, especially with Deutsche Bank revising its price expectation upwards. There is optimism about revenue growth and increased investor engagement, aligning predictions of a steady rise in stock value.

Market Impact: Riding the AI Wave

Palantir’s involvement with tech consortiums to tackle U.S. defense contracts potentially positions them even more strategically in the government domain. Collaborations with powerhouses such as SpaceX and OpenAI, set to be formally announced soon, aim to diversify opportunities and set Palantir apart from traditional contractors, giving it a competitive edge.

An observation of the stock’s movement shows that Palantir’s partnership announcements correlate with upticks in its share price. Industry analysts foresee these engagements paving the way for notable advancements in technologies, bolstering investor confidence and reflecting positively on its stock performance.

Conclusion: A Blend of Promise and Potential

As we observe Palantir’s ongoing expansion and strategic alliances, it becomes evident that the company holds a robust position within the tech sphere, particularly in the realms of data analytics and AI. Traders contemplating entry points might consider the current scenarios surrounding share price projections and revenue growth. As millionaire penny stock trader and teacher Tim Sykes says, “There is always another play around the corner; don’t chase just because you feel FOMO.”

The compelling narrative of Palantir’s evolution continues to captivate the market’s attention. With various partnerships in motion and a keen focus on innovative tech adaptations, Palantir is poised to remain a noteworthy player in the data and AI sectors. The potential for stock augmentation is significant—the seasoned trader should watch for this space as Palantir maneuvers its way forward amid evolving technological landscapes.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”