Palantir jumps after raising annual revenue outlook on strong AI-powered software demand
PLTR•Broker sentiment and valuation
** 22 of 33 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell" or lower; their median PT is $190, as per data compiled by LSEG
Quarterly outlook above consensus
** Palantir expects Q3 rev between $2.160 bln to $2.164 bln, above the $2 bln consensus, as per data compiled by LSEG
Stock performance versus the Nasdaq
** As of last close, PLTR down nearly 30% YTD, trailing the Nasdaq's .IXIC 11.5% rise in the same period
Shares rise after higher revenue forecast
** Palantir Technologies' PLTR.O shares rise 16.4% to $146.2 in premarket trading after it lifted its annual revenue forecast, citing robust demand for its AI-powered data analytics software
** Co raised annual revenue to be between $8.15 bln and $8.16 bln, vs its prior forecast of $7.65 bln to $7.66 bln
