JDKING
Oct 24, 7:27 PM
$PLTR 🚀Citi raised its Palantir price target to
$250 from
$245 on Oct. 22 and expects U.S. commercial revenue to grow more than 140%, according to TipRanks.
Palantir's growth has made a beat the baseline
Investors have several reasons to expect even better results from Palantir.
Second-quarter revenue surged 93% year over year to
$1.94 billion, while U.S. commercial revenue jumped 149% to
$764 million. U.S. government revenue rose 90% to
$809 million.
The company also closed 220 deals worth at least
$1 million during the quarter, including 98 worth at least
$5 million and 73 worth at least
$10 million.
With adjusted free cash flow of
$1.22 billion, the margin was 63%.
Palantir reported that U.S. commercial residual deal value, or contractual work that hasn't yet been recorded as revenue, increased 124% to
$6.24 billion.
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