Palantir's AI drive stays intact, but bookings remain under scrutiny
PLTR•Palantir forecast fourth-quarter revenue above analysts’ estimates after topping third-quarter expectations, but analysts questioned whether bookings and contract durations can support continued growth. Shares fell 6.16% to $167.36 in premarket trading.
1. Bookings under scrutiny
Analysts said strong customer spending and rising revenue per client were encouraging, but the timing of a bookings rebound and the durability of shorter-term Sovereign AI deals remained concerns. Jefferies and RBC Capital Markets focused on whether Palantir can sustain growth as it scales, while J.P. Morgan cited customer spending and contract expansion as support for its long-term outlook.
