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Updated at 10:44 AM EST
Palantir Technologies shares are trading near all-time highs heading into its fourth quarter earnings report after the close of trading Monday, with analysts focused on the data-analytics group's profit and sales forecast for the coming year.
Palantir (PLTR) shares have added more than $150 billion in market value over the past year, with the stock rising some 365%, as investors bet on its potential to leverage AI technologies into its government and commercial-focused businesses.
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The Denver group, founded by the tech investors Peter Thiel and Joe Lonsdale, uses its artificial intelligence platform, known as AIP, to help clients pull together disparate collections of data into a single model that they then can use to build, train and deploy in their day-to-day processes.
AIP, alongside Palantir's legacy government business, which is tied in part to its work with the Central Intelligence Agency, is helping the group power an impressive profit surge while carving out a increasing share of the commercial-AI marketplace.
Analysts expect Palantir to post December-quarter earnings of 11 cents a share, up from 8 cents in the year-earlier period, with revenues rising 27.6% to around $776 million.
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Commercial revenue, which includes testing and reworking AI systems through the AIP Logic platform, plus so-called boot camps for companies that are scaling the new technology across their business processes, is estimated 11.6% higher at $317 million.
Palantir itself forecast December-quarter revenue in the region of $767 million to $771 million, and said its commercial revenue growth rate over the whole of 2024 would rise to 50%.
"Instead of trying to have 10,000 clients, all of whom hate you but can't give up your product, we want a smaller number of the world's best partners that quite frankly are dominating with our product," CEO Alex Karp told investors last autumn.
"We are not a commodity. We do not want our customers to be commodities," he added. "We want them to be individual titans that are dominating their industry or the battlefield."
"Palantir remains one of our top names to own in 2025 as its game-changing AIP strategy is quickly becoming a key foundational platform for enterprises heading down the AI-use-case path across verticals," said Wedbush analyst Dan Ives.