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Palantir Stock Update: Fourth-Quarter Loss, But Revenue Beats Projections

February 16, 2021 admin Comments Off on Palantir Stock Update: Fourth-Quarter Loss, But Revenue Beats Projections

Palantir stock is facing market volatility after announcing its latest quarterly financial results. The popular stock pick amongst investors beat revenue expectations but reported a net loss of $0.08 per share.

Palantir Stock History and Outlook
Palantir is an American software company that specializes in data analytics. And it’s become a massive player within the industry. Overall, its top 20 customers generate an average of $33.2 million each in revenue for the company.
By 2025, Palantir expects to earn $4 billion in revenue. Projections for revenue growth in 2021 are near 30% and upwards of 45% for the first quarter.
However, fourth-quarter results of …read more […]