Should You Buy Palantir Technologies Stock Before Feb. 3? Wall Street Has a Near Unanimous Answer.

• Palantir has profited from the accelerated adoption of AI.

• By addressing the AI cognition gap, the institution has driven robust gross and net growth.

• Its valuation is concerning for immoderate investors, but Palantir's semipermanent prospects shouldn't beryllium ignored.

• 10 stocks we similar amended than Palantir Technologies ›

The emergence of artificial quality (AI) marked a large leap guardant successful technology, and the fig of usage cases for generative AI continues to grow. These blase algorithms are being deployed to streamline concern processes, summation productivity, and prevention money. As a result, businesses are scrambling to follow these systems for fearfulness of being near behind.

One of the undeniable beneficiaries of this inclination is Palantir Technologies (NASDAQ: PLTR). The banal has climbed an unthinkable 2,250% since AI archetypal went viral successful aboriginal 2023 (as of this writing). However, the commensurate summation successful the stock's valuation has raised concerns among investors.

Palantir is scheduled to study its fourth-quarter results aft the marketplace adjacent connected Monday, Feb. 2. Let's reappraisal the company's astir caller results and what Wall Street is saying up of the large day.

Palantir has been providing AI solutions to U.S. authorities agencies and allies for much than 20 years. However, it was the merchandise of Palantir's Artificial Intelligence Platform (AIP) successful aboriginal 2023 that was the catalyst for the company's explosive growth. The quality of this strategy to plug into a assortment of endeavor concern systems and supply keen penetration and actionable quality made it a deed with endeavor users.

The coup de grace was Palantir's hands-on footwear camps, which brace users with Palantir engineers. "These immersive, hands-on sessions let caller and existing customers to physique unrecorded alongside Palantir engineers, each moving toward the communal extremity of deploying AI successful operations," Palantir said.

The unprecedented request for AIP has taken Palantir's maturation to the adjacent level. In the 3rd quarter, Palantir's gross grew 63% twelvemonth implicit year, portion adjusted net per stock (EPS) jumped 110%, but that's conscionable the extremity of the iceberg. Palantir's U.S. commercialized gross -- which includes AIP -- roseate 121% twelvemonth implicit twelvemonth and 29% sequentially. Additionally, the segment's remaining woody worth (RDV), which provides a instauration for aboriginal results, accrued 199%.

Growth of that magnitude shouldn't beryllium ignored, but there's a catch.

Palantir's exertion is unmatched, and the company's execution has been enviable, but analysts stay bearish overall. The stock's blistering tally has sent its valuation into the stratosphere. The banal is presently trading astatine 396 times earnings, putting Palantir's aggregate successful a people by itself.