Latest news with #PerezMora
Yahoo
30-05-2025
- Business
- Yahoo
Why Palantir (PLTR) Stock Is Up Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 5.7% in the afternoon session after the New York Times reported on the company's expanded contracts with the US government, providing more insights into the depth and breadth of Palantir's government work, which included streamlining data sharing across government agencies under the Trump administration. This further confirmed the usefulness of Palantir's Foundry platform and raised optimism about the company's government business as well as the near-term growth potential. After the initial pop the shares cooled down to $126.19, up 3.2% from previous close. Is now the time to buy Palantir? Access our full analysis report here, it's free. Palantir's shares are extremely volatile and have had 46 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 17 days ago when the stock gained 8.9% on the news that Bank of America analyst Perez Mora raised the stock's price target to $150 while maintaining a Buy rating. The analyst noted that PLTR was shipping products at a faster pace and noted the conversion funnel had become more efficient. Mora also called out an executive order to modernize US defense acquisitions as a potential catalyst. Separately, markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of April 2025 came in slightly better than expected. The CPI rose 0.2% from the previous month, in line with expectations, while headline inflation rose 2.3% year on year (vs estimates for a 2.4% y/y increase). The data revealed inflation continued to edge closer to the Fed's 2% target. The reaction wasn't anything wild, but the sentiment leaned positive. The Nasdaq led the way, climbing 1.7%, boosting some tech stocks. This added to the gains from the day before, which was sparked by a breakthrough in US-China trade talks as both sides agreed to pause some tariffs for 90 days, signaling a potential turning point in ongoing tensions and cooling fears of a prolonged trade war. Palantir is up 67.8% since the beginning of the year, and at $126.19 per share, it is trading close to its 52-week high of $130.18 from May 2025. Investors who bought $1,000 worth of Palantir's shares at the IPO in September 2020 would now be looking at an investment worth $13,283. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
15-05-2025
- Business
- Business Insider
‘Don't Sleep on It,' Says Bank of America About Palantir Stock
Palantir (NASDAQ:PLTR) appears to operate on one setting: BIG. It deals in big data, has delivered some very real-world big growth, and its stock has exploded big time – up 507% over the past year alone. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter But there's one more thing that's big, and it's stirring debate: its valuation. This is a point brought up by Bank of America analyst Mariana Perez Mora, who ranks in the top 1% of Wall Street stock experts. 'The biggest pushback we hear on PLTR is that it looks expensive,' said Perez Mora. 'In traditional metrics based on 2026 consensus estimates, PLTR is trading at 7x PEG, 2x EV/Sales/Growth, & 4x EV/FCF/Growth. These valuation metrics are at least two-fold other software infrastructure peers.' However, the analyst thinks traditional metrics do not properly reflect Palantir's long-term and short-term growth potential or its 'highly profitable' sales strategy. The company, she says, is 'leap-frogging near-term expectations.' Its updated 2025 sales forecast of approximately $3.9 billion now matches what analysts had only projected for 2026 as recently as mid-last year. There has been 'unrelenting demand' for Palantir's AI offerings, and despite market skepticism about scalability, the company is proving its ability to deliver. To reflect this stronger-than-expected trajectory, especially across U.S. commercial and government segments, Perez Mora has revised her estimates. She now sees sales growing at a 35% CAGR from 2024 to 2027 (up from 33%). She's also raised her adjusted EPS forecasts from $0.52 to $0.57 in 2025, from $0.69 to $0.71 in 2026, and from $0.93 to $0.95 in 2027. Looking beyond the next 3–5 years, Perez Mora believes the market is still underestimating Palantir's capabilities – much like it did with other disruptive technologies in the past. For instance, in 1980, AT&T commissioned a consulting firm to forecast the mobile phone market by 2000 – the projection was for 900,000 users, a figure way off the eventual mobile subscriptions of 100 million+. These early forecasts also missed the emergence of apps, streaming, smart devices, and consequently the rise of the first trillion-dollar tech company. If Perez Mora is right, Palantir's valuation might not be the elephant in the room – it might just be the elephant charging ahead. With both Defense and Commercial markets still in their early innings, the BofA analyst believes Palantir's upside remains underappreciated. Her new price target reflects that conviction – she's taking it from $125 to a Street-high $150, implying another 17% upside from here. And yes, she's still firmly in the Buy camp. (To watch Perez Mora's track record, click here) The BofA take, however, is at odds with the broader Wall Street view. Based on a mix of 11 Holds, 4 Sells and 3 Buys, the analyst consensus rates PLTR stock a Hold (i.e., Neutral). Meanwhile, the $100.13 average price target suggests the shares are overvalued by 23%. (See PLTR stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
13-05-2025
- Business
- Yahoo
Why Is Palantir (PLTR) Stock Soaring Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 8.9% in the afternoon session after Bank of America analyst Perez Mora raised the stock's price target to $150 while maintaining a Buy rating. The analyst noted that PLTR was shipping products at a faster pace and noted the conversion funnel had become more efficient. Mora also called out an executive order to modernize US defense acquisitions as a potential catalyst. Separately, markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of April 2025 came in slightly better than expected. The CPI rose 0.2% from the previous month, in line with expectations, while headline inflation rose 2.3% year on year (vs estimates for a 2.4% y/y increase). The data revealed inflation continued to edge closer to the Fed's 2% target. The reaction wasn't anything wild, but the sentiment leaned positive. The Nasdaq led the way, climbing 1.7%, boosting some tech stocks. This added to the gains from the day before, which was sparked by a breakthrough in US-China trade talks as both sides agreed to pause some tariffs for 90 days, signaling a potential turning point in ongoing tensions and cooling fears of a prolonged trade war. The shares closed the day at $128.05, up 8.1% from previous close. Is now the time to buy Palantir? Access our full analysis report here, it's free. Palantir's shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 19 days ago when the stock gained 6.6% on the news that stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment. Contributing to the bullish tone was a standout earnings report from enterprise software leader ServiceNow, which topped Wall Street's expectations on both revenue and earnings. More importantly, the company's remaining performance obligations (RPO), a key forward-looking metric for future revenue, also exceeded forecasts, giving investors confidence that enterprise customers are not pulling back spending amidst uncertain macro. The optimism was further reinforced by solid results from Texas Instruments and Lam Research. Their performance was especially encouraging for semiconductor stocks, which have been under pressure due to their exposure to global trade tensions. These results suggested that, despite macroeconomic uncertainties, demand in key tech verticals remained resilient. Palantir is up 69.7% since the beginning of the year, and at $127.63 per share, has set a new 52-week high. Investors who bought $1,000 worth of Palantir's shares at the IPO in September 2020 would now be looking at an investment worth $13,435. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
