Latest news with #PalantirApollo
Yahoo
5 days ago
- Business
- Yahoo
President Trump, Palantir's possible partnership: What to know
(NewsNation) — Americans having their data shared is about to reach a whole different level under President Trump's administration. Trump recently announced he is planning on partnering with Palantir Technologies to build a federal database tracking millions of citizens. But what exactly is Palantir? How did the tech company get involved with Trump? Who is in favor of this program and who opposes? Palantir Technologies is a data and technology firm cofounded by Peter Thiel, Stephen Cohen, Joe Lonsdale and Alex Karp. The company began in 2003 and specializes in software platforms for people. It has four main projects: Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir AIP. Ex-Homeland Security official Taylor fights back against Trump's 'unprecedented' investigation order Palantir Gotham is an intelligence and defense tool used by militaries and counter-terrorism analysts. Palantir Foundry focuses on data integration and analysis for corporate clients. Palantir Apollo facilitates continuous integration and delivery across all environments. Trump has stated that Palantir would use the tracking data to help protect citizens and provide better all-around assistance. In March, Trump handed down an executive order that would push all federal agencies to share their data. The Department of Homeland Security, Internal Revenue Service, Social Security Administration, and United States Department of Health and Human Services have already begun the process, which channels sensitive data into one central database. Top Trump officials visit prolific Alaska oil field amid push to expand drilling 'On its face, it looks like the government is trying to save money in terms of operations and not doing the same thing over and over again,' said Armen Kurdian, retired U.S. Navy Captain. 'When you look a little deeper, is the implications or the risks of putting all the information together at one time going to make a greater risk for the American public?' Overall, the pitch would potentially lead to fewer wasted tax dollars, faster services and smarter law enforcement for Americans. The possible centralized database has people on both sides of the fence. Those who want to see the partnership come to fruition say fraud and efficiency will receive a tremendous boost. Meta becomes the latest big tech company turning to nuclear power for AI needs Critics say it could be a 'surveillance nightmare.' They also acknowledged that Thiel's acquiring unprecedented access to Americans' data goes well beyond privacy and could lead to weaponization. 'In this case, now, instead of something being segmented, a potentially massive database of the entire U.S. population could be at risk,' added Kurdian. Palantir's cofounder, Peter Thiel, is a known mega donor for Donald Trump. Thiel has been Trump's right-hand man in Silicon Valley and worked previously with Elon Musk, Trump's former senior advisor. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
30-01-2025
- Business
- Globe and Mail
Why Palantir Stock Is a ‘Perfect' Buy for 2025
Palantir Technologies (PLTR) is a leading software company providing data analysis and decision-making solutions that leverage artificial intelligence (AI). Its products are Palantir Foundry, Palantir Gotham, Palantir Apollo, and Artificial Intelligence Platform (AIP), targeting both governments and commercial clients. With a market capitalization of $182.7 billion, Palantir shot to fame alongside the AI surge, gaining a massive 950% since 2023 and 360% over the past 52 weeks. Despite its success in recent years the stock appears to be struggling at the moment. Shares are up just 6.8% in the year to date and are trading almost 6% below their 52-week high of $84.80 set last week on Jan. 24. Palantir Is the 'Perfect' Stock Investor's Business Daily has published a list of 28 so-called 'perfect' stocks. The list features artificial intelligence heavyweights like Nvidia (NVDA), Arista Networks (ANET), Meta Platforms (META), and more. In addition to AI stocks, it also has Netflix (NFLX), Duolingo (DUOL), Olo (OLO), and Marex (MRX). A total of 7 conditions were set for inclusion on the list. Companies had to have a current share price of $12 or higher and a 50-day average trading volume of more than 400,000 shares. Additionally, they had to score above certain thresholds in categories like earnings per share and relative strength. Palantir Beats Estimates Palantir released its third-quarter results last year on Nov. 4. Its profit of $144 million translated to $0.06 per share, and its adjusted earnings per share came in at $0.10. This beat the analyst estimate of $0.09 per share. The company saw revenue rise 30% year-over-year to $725.5 million, beating the analyst estimate of $703.7 million. The AI company's EBITDA was $283.6 million, against analysts' $244.9 million estimate. Its EBITDA margin increased to 39.1% from 30.8% reported in the same quarter last year. GAAP gross margin remained unchanged at 79.8%. Its cash and cash equivalents balance dipped to $768 million from the $831 million reported at the end of 2023, but its free cash flow margin shot up to 60%. Management also hiked their outlook for 2024 with revenue now expected between $2.805 billion to $2.809 billion with adjusted income from operations to be between $1.054 billion and $1.058 billion. Free cash flow guidance is hiked to more than $1 billion. For the ongoing Q4, Palantir anticipates revenue in the range of $767 million to $771 million while adjusted income from operations is anticipated between $298 million and $302 million. Palantir is set to release its fourth-quarter results after the market closes on Feb. 3, 2025. Analysts' Take on PLTR Stock Palantir's surge in the recent past has left analysts chasing after the stock. The stock has a consensus 'Hold' rating with a mean price of $47.29, signifying downside potential of 40%. Shares are trading far above the average price target, although the Street-high price target of $90 represents 12.5% upside potential.
