Palantir Technologies (NYSE:PLTR) Stock Price Target

Deutsche Bank: Palantir Technologies’ (NYSE:PLTR) 2023 guidance is not without risk

Deutsche Bank analyst Brad Zelnick maintains a sell rating on Palantir Technologies (NYSE:PLTR). The analyst believes that given macro factors, the drag on special purpose acquisition company (SPAC) investments, and possible further delays in funding for unfinished U.S. government projects, the midpoint of the company’s guidance for 2023 revenue growth may prove optimistic, but certainly not without risk.

Palantir Technologies (NYSE:PLTR) had revenue of $508.6 million in Q4 2022, versus analyst expectations of $522.2 million

legume / February 14, 2023 / Technology / Palantir Technologies

Palantir Technologies (NYSE:PLTR) had Q4 2022 EPS of $0.04 versus analyst expectations of $0.029. Fourth-quarter revenue was $508.6 million, compared with analysts’ expectations of $522.2 million. Adjusted EBITDA for the fourth quarter was $121.6 million, versus analysts’ expectations of $86.4 million. Adjusted operating profit for the fourth quarter was 22% and adjusted free cash flow was $75.8 million. First-quarter revenue is expected to be $503-$507 million, compared with analysts’ expectations of $522.2 million.

Palantir Technologies (NYSE:PLTR) had revenue of $508.6 million in Q4 2022, versus analyst expectations of $522.2 million Read Post »