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Globe and Mail
3 days ago
- Business
- Globe and Mail
Palantir Just Hit a Record High. What's the Smart Move Now?
Key Points The tech company's revenue growth rate accelerated in Q1. Palantir's commercial business in the U.S. is seeing explosive growth. The stock's wild valuation leaves no room for error. 10 stocks we like better than Palantir Technologies › Data and artificial intelligence company Palantir (NASDAQ: PLTR) seemed to defy gravity in 2024. Shares more than quadrupled, rising a staggering 340%. With such an incredible rise, you'd be forgiven for guessing that the stock would cool off in 2025. But, so far, the opposite is true. Shares are heating up, rising by more than 105% year to date as of this writing. This has given the tech stock a gain of approximately 800% since the start of 2024. With shares trading at record highs. What should investors do? Does it make sense to buy more shares and hope the momentum continues? Or should investors take a more cautious approach and hold or even sell the stock? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Soaring sales One thing Palantir really has going for it is its top-line growth. The tech company posted first-quarter revenue of $884 million, up 39% year over year. Highlighting the company's momentum, this was an acceleration from 36% year-over-year growth in the previous quarter. Fueling Palantir's first quarter of 2025 was 55% year-over-year growth in U.S. revenue. Accounting for $628 million of the quarter's total revenue, the U.S. market is vital for Palantir. Supporting this market was a 71% year-over-year increase in commercial revenue and a 45% jump in government revenue. Zooming out to all of the company's markets, Palantir said in its first-quarter update that it closed 139 deals worth $1 million or greater, 51 deals worth at least $5 million, and 31 deals worth $10 million or more. With these strong results now behind it, management had the confidence to raise full-year revenue guidance. The company said it now expects 2025 revenue to be between $3.890 billion and $3.902 billion. This compares to revenue of about $2.9 billion in 2024. The midpoint of management's 2025 revenue guidance range, therefore, assumes about 36% growth. This impressive top-line growth is bolstering profits. Palantir's first-quarter net income was approximately $214 million, more than double its profit of about $106 million in the year-ago quarter. Comments from Palantir co-founder and CEO Alexander Karp in the company's first-quarter earnings call suggest he believes the company is still in its early innings. "We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S..." Karp noted. "We are delivering the operating system for the modern enterprise in the era of AI." A valuation problem While Palantir's top-line momentum is certainly impressive, there's one big problem for investors: The market seems to have already priced in more rapid growth for years to come. Today, Palantir's market capitalization sits at about $365 billion -- more than 93 times the high end of management's guidance range for full-year 2025 revenue. Using the company's trailing-12-month sales, Palantir currently has a price-to-sales ratio of 123. This would be a high figure even for a price-to- earnings ratio. And what is Palantir's price-to-earnings ratio? It's 672. Yes, you heard that right. It's safe to say that investors have already bid up the stock to a level that prices in the most optimistic assumptions for this company. So, what should investors do? The decision is a personal one -- one that you'll have to make on your own. However, if I owned the stock, I'd sell. And for those who don't own shares, I'd avoid them like the plague at this price. Of course, I could be wrong. It's always possible that Palantir exceeds even my most bullish assumptions. Still, I believe there are likely better places with less risk and greater upside potential for investors to allocate their capital. Palantir is a great company. But expectations are simply too high. Investors would be wise to wait to see if they can buy shares at a better entry price. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Yahoo
3 days ago
- Business
- Yahoo
Palantir Just Hit a Record High. What's the Smart Move Now?
Key Points The tech company's revenue growth rate accelerated in Q1. Palantir's commercial business in the U.S. is seeing explosive growth. The stock's wild valuation leaves no room for error. 10 stocks we like better than Palantir Technologies › Data and artificial intelligence company Palantir (NASDAQ: PLTR) seemed to defy gravity in 2024. Shares more than quadrupled, rising a staggering 340%. With such an incredible rise, you'd be forgiven for guessing that the stock would cool off in 2025. But, so far, the opposite is true. Shares are heating up, rising by more than 105% year to date as of this writing. This has given the tech stock a gain of approximately 800% since the start of 2024. With shares trading at record highs. What should investors do? Does it make sense to buy more shares and hope the momentum continues? Or should investors take a more cautious approach and hold or even sell the stock? Soaring sales One thing Palantir really has going for it is its top-line growth. The tech company posted first-quarter revenue of $884 million, up 39% year over year. Highlighting the company's momentum, this was an acceleration from 36% year-over-year growth in the previous quarter. Fueling Palantir's first quarter of 2025 was 55% year-over-year growth in U.S. revenue. Accounting for $628 million of the quarter's total revenue, the U.S. market is vital for Palantir. Supporting this market was a 71% year-over-year increase in commercial revenue and a 45% jump in government revenue. Zooming out to all of the company's markets, Palantir said in its first-quarter update that it closed 139 deals worth $1 million or greater, 51 deals worth at least $5 million, and 31 deals worth $10 million or more. With these strong results now behind it, management had the confidence to raise full-year revenue guidance. The company said it now expects 2025 revenue to be between $3.890 billion and $3.902 billion. This compares to revenue of about $2.9 billion in 2024. The midpoint of management's 2025 revenue guidance range, therefore, assumes about 36% growth. This impressive top-line growth is bolstering profits. Palantir's first-quarter net income was approximately $214 million, more than double its profit of about $106 million in the year-ago quarter. Comments from Palantir co-founder and CEO Alexander Karp in the company's first-quarter earnings call suggest he believes the company is still in its early innings."We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S..." Karp noted. "We are delivering the operating system for the modern enterprise in the era of AI." A valuation problem While Palantir's top-line momentum is certainly impressive, there's one big problem for investors: The market seems to have already priced in more rapid growth for years to come. Today, Palantir's market capitalization sits at about $365 billion -- more than 93 times the high end of management's guidance range for full-year 2025 revenue. Using the company's trailing-12-month sales, Palantir currently has a price-to-sales ratio of 123. This would be a high figure even for a price-to-earnings ratio. And what is Palantir's price-to-earnings ratio? It's 672. Yes, you heard that right. It's safe to say that investors have already bid up the stock to a level that prices in the most optimistic assumptions for this company. So, what should investors do? The decision is a personal one -- one that you'll have to make on your own. However, if I owned the stock, I'd sell. And for those who don't own shares, I'd avoid them like the plague at this price. Of course, I could be wrong. It's always possible that Palantir exceeds even my most bullish assumptions. Still, I believe there are likely better places with less risk and greater upside potential for investors to allocate their capital. Palantir is a great company. But expectations are simply too high. Investors would be wise to wait to see if they can buy shares at a better entry price. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Daniel Sparks and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Palantir Just Hit a Record High. What's the Smart Move Now? was originally published by The Motley Fool
Washington Post
3 days ago
- Entertainment
- Washington Post
Tech company CEO resigns after controversy over video captured at Coldplay concert
A tech company CEO has resigned after controversy over a video captured on the big screen at a Coldplay concert. Andy Byron resigned from his job as CEO of Astronomer Inc., according to a statement posted on LinkedIn by the company Saturday. 'Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met,' the company said in its post on LinkedIn.
CTV News
3 days ago
- Entertainment
- CTV News
Astronomer says its CEO has been placed on leave after viral Coldplay video
Astronomer, the tech company that found itself launched into the public eye after its CEO was spotted on a Jumbotron video at a Coldplay concert earlier this week embracing an employee, issued a statement about the matter via LinkedIn. (@calebu2/TMX via CNN Newsource) Astronomer, the tech company that found itself launched into the public eye after its CEO Andy Byron was spotted on a Jumbotron video at a Coldplay concert earlier this week embracing an employee, announced that Byron has been placed on leave. Astronomer's cofounder and chief product officer Pete DeJoy is now serving as interim CEO, the company said in a statement Friday night. The New York-based company issued a statement on Friday about the matter via LinkedIn. 'Our leaders are expected to set the standard in both conduct and accountability,' the statement said in part, adding that the company's board of directors 'has initiated a formal investigation into this matter and we will have additional details to share very shortly.' The statement also addressed incorrect information circulating on the internet in the day following the video's release, including a misidentification of a third person seen in the clip, and a parody X account that falsely claimed to have a statement from the CEO. Byron was spotted on a Jumbotron screen at a Coldplay concert at Gillette Stadium in Massachusetts on Wednesday, embracing Kristin Cabot, the company's chief people officer, who oversees the organization's human resources. Coldplay was performing The Jumbotron Song when the camera turned to a man and woman cuddling as they watched the stage. The two quickly separated and attempted to hide their faces, with the man ducking down, when they noticed they were on a giant screen at the venue. 'Whoa, look at these two,' Coldplay frontman Chris Martin quipped. 'Either they're having an affair or they're just very shy.' CNN has reached out to a representative for Coldplay for comment. The video quickly went viral and internet sleuths were the first to identify Byron and Cabot. Social media has been so invested that there are now a slew of memes and comedic videos poking fun at the incident. Lisa Respers France, CNN
Fast Company
3 days ago
- Business
- Fast Company
Your ‘freedom number' might be smaller than you think
BY Anna Burgess Yang is the author of Work Better, a newsletter about the future of work, career pivots, and why work shouldn't suck. Listen to this Article More info 0:00 / 3:33 You dream of quitting a toxic job, pivoting to a new career, or starting your own business. But there's a financial reality to such a move: can you afford to earn less? In 2021, I quit a job as an executive at a tech company. I pivoted into content marketing and journalism, and, initially, I was earning about one-third of my previous salary. But I had spent months looking at our household budget, and was prepared to earn even less. When you're determined to make a change, you'll look at your finances differently. You should calculate your 'freedom number' and understand the changes you need to make in your budget. Subscribe to Work Better. Thoughts on the future of work, career pivots, and why work shouldn't suck, by Anna Burgess Yang. To learn more visit SIGN UP Keep in mind that your freedom number is not your final destination. It's a transitional change in your income to pursue the career you want. Why your freedom number matters Your freedom number is the bare minimum you need to cover your essentials: rent/mortgage, groceries, insurance, utilities, etc. It's not the same as what you're spending to support your current lifestyle. Calculating your freedom number forces you to think about what you're willing to give up—even temporarily. Let's say you're earning $100,000 today and think you need to earn $80,000. But once you go through the numbers and cut everything nonessential, you might find that the number is far below $80,000. Knowing that makes it easier to navigate a career change, because you know what you need to get by. The bare minimum is your freedom number. Closing the gap in your freedom number If you don't think you'll earn enough to cover your monthly expenses, there are ways to close the gap between your income and your freedom number. You might build up some savings and draw from that account when you make your move. Or you could supplement your income with a side hustle. advertisement When I first changed careers, I took a new full-time job and freelanced on the side. The combination of my new salary and my freelance earnings helped me reach my freedom number. It meant working in the evenings and on weekends, but it was worth it to make the change. Keep in mind that a lower income might be temporary. Within eight months of starting a new career, I took a new job at a much higher salary. I just needed to get a bit of experience on my resume, and then many more doors opened for me. As you settle into your career change and earn more, you can add back the things you enjoyed about your lifestyle. The temporary squeeze is worth it to find a freedom number that makes a lot of career options possible. Subscribe to Work Better. Thoughts on the future of work, career pivots, and why work shouldn't suck, by Anna Burgess Yang. To learn more visit SIGN UP The super-early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, July 25, at 11:59 p.m. PT. Apply today. ABOUT THE AUTHOR Anna Burgess Yang is part of the Creator Network at Fast Company, covering topics like work culture and the intersection of technology and work (including the impacts of AI).. Anna is a former tech executive who spent more than 15 years at a financial technology company, including roles as a product manager and the Director of Customer Success More
