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Key Takeaways
- Palantir will report its first-quarter results following the closing bell on Monday.
- A majority of analysts covering the company who are tracked by Visible Alpha have a "hold" rating on the artificial intelligence software company's stock.
- Last month, NATO acquired Palantir's AI-enabled military system.
Palantir (PLTR), a software company that specializes in artificial intelligence, is scheduled to release its quarterly results on Monday after the bell. Analysts are largely waiting and watching the artificial-intelligence software firm.
Visible Alpha tracks 12 analysts who cover the stock. Only one of them has Palantir rated as “buy”, compared to eight “holds” and three “sells”. The stock’s average price target is nearly $88, which is well below Friday’s close of $124.
The Street expects Palantir will report revenue of $862.3, up 36% from last year, and adjusted earnings at $324.8, or 13 cents a share, up $196.9, or 8 cents a share.
NATO Acquires Company's AI-Enabled Military System
The results are due after the North Atlantic Treaty Organization last month said it acquired Palantir’s AI-enabled military system. The deal with the Brussels-based military alliance helped ease investor concerns that Europe may rely less on American defense contractors amid an uncertain trade outlook.
Shares of Palantir are up about 64% so far this year as of Friday's close and some 450% over the past 12 months.
