In late May, we said Palantir may be the best trade idea of 2025.
So far, that’s proving to be true.
Since the year began, PLTR exploded from a low of $72.42 to a current high of $176.33. From here, we’d like to see it rally to $200 next.
Earnings Sent Shares of Palantir Up $15 a Share
Fueling a good deal of upside, PLTR just posted EPS of 16 cents, beating by two cents. Revenue of $1 billion, up 47.5% year over year, beat by $60.53 million.
CFO David Glazer stated, “We had an unprecedented second quarter, surpassing $1 million of revenue in the quarter for the first time and delivering our highest Rule of 40 score ever of 94. Q2 revenue growth accelerated to 48% year-over-year, exceeding the high end of our prior guidance by nearly 1,000 basis points,” as quoted by Seeking Alpha.
The company raised its revenue guidance to between $4.142 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to $1.302 billion, which is growth of about 85%.
Analysts Just Raised their Price Targets
Bank of America also reiterated its buy rating on PLTR with a price target of $180.
The firm sees Palantir as a beneficiary of rapidly growing demand for AI in commercial and government-end markets.
Morgan Stanley just raised its price target to $155 from $98, noting, “The third quarter revenue guidance targets +50% year-over-year growth while 2025 revenue growth guidance raised by 9 points to +45% from +36% prior, with operating margin of 46% are best-in-class and underscores status as one of the clear AI winners,” as noted by Seeking Alpha.
Piper Sandler just raised its price target to $182, noting that a 10-year $10 billion Army deal strengthens the case for PLTR to take more market share within the $1 trillion defense total addressable market.
With demand for AI only set to explode higher, PLTR could still double, if not triple from its current price.
Bonus: Chart of Day
Company: Charter Communications (SYM: CHTR)
Any time a corporate executive buys their own stock, it’s worth paying attention to.
After all, it shows their confidence in the direction of stock.
Look at Charter Communications (CHTR), for example.
Charter Communications is a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand.
Most recently, the stock gapped from about $397.88 to a low of $266.78 on disappointing second-quarter earnings report, which included a significant loss of internet subscribers and a miss on EPS. While revenue of $13.77 billion was in line with estimates, EPS of $9.18 missed by 48 cents per share. Also, second quarter total Internet customers decreased by 117,000.
After such a disastrous pullback, President and CEO Christopher Winfrey bought 3,670 shares for just over $1 million on July 31. Product and Technology President Richard DiGeronimo bought 1,551 shares of CHTR for $657,321.
Today's Top Story: Elon’s BIGGEST warning yet?
In an all–hands-on-deck Tesla meeting, Elon Musk told his employees to:
Hold onto your Tesla shares for dear life.
Why?
I believe it’s because as early as on October 23rd…
Tesla is about to shock the world with a brand-new AI breakthrough.
One that is helping AI escape from our computer screens…
And manifest itself here in the real world…
All while creating a new 25,000% growth market virtually overnight.
Please note, this breakthrough is not another AI software or chatbot.
Instead, it's a whole new class of artificial intelligence that, according to Bloomberg, has “investors pouring millions of dollars” into what I call “Manifested AI.”
But here’s the twist.
Tesla won’t be the best way to play this opportunity.
Instead, you can get in on this brand-new 25,000% growth market with a little-known stock that is 168 times SMALLER than Nvidia.
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Written by Ian Cooper