Palantir (PLTR) investors closed off the week with the stock closing +20.50% the last 5 days, which means it sits at +43.97% YTD.
Here's this week's news for Palantir, let's go through it together.
LEGEND: Positive News | Neutral News | Negative News
Palantir reported their Q4 2022 on Monday, February 13, here are the highlights:
- Revenue $508.62M BEAT and increased 17.5% YoY
- GAAP EPS $0.01 BEAT
- Commercial revenue $215M increased 11% YoY
- Government revenue $293M increased 23% YoY
- Revenue guidance for FY23 ~17% YoY Revenue growth
- EPS guidance for FY23 positive (GAAP)
Palantir surprised investors with a profitable quarter - their first as a company. Although there were other incomes that contributed to this result, Palantir has guided to a profitable 2023 as well. Revenue growth however does seem to be decelerating significantly - dropping under 20% YoY for 2023 (guidance) so it's a point worth paying attention to. Perhaps it's a sandbag number (optimistic case).
Regardless, the overall results mark a turning point in the company and investors are thrilled.
A German court has ruled that it's unconstitutional to use software and data analysis to prevent crime. This means that the court believes the whole premise of why one would use Palantir software is against peoples rights.
The chief strategy officer of Palantir in Europe said that Palantir just provides the software - not the data itself (fair argument). He added that "which data is relevant for investigation in this context is determined exclusively by our customers in accordance with relevant legal provisions,". It's almost like saying Google is unlawful because they provide questionable search results from other websites.
The court needs to differentiate between the data and the platform!
There's a deadline of September 30 to change things, however I suspect there will be an appeal here.
| RATING | PRICE TARGET | FIRM | |
| Neutral | $11 | Credit Suisse | |
| Neutral | $9 > $8 | Goldman Sachs | |
| Neutral | $7 > $8 | Mizuho |
We look forward to spending a few minutes with you next Sunday for some new Palantir news!
Disclosure: I am a Palantir Technologies (PLTR) shareholder at the time of publishing.