Latest news with #BoltFinancial
Yahoo
6 days ago
- Business
- Yahoo
Palantir (PLTR) Target Raised to $140 on Strong AI Momentum
Palantir Technologies (PLTR, Financials) received a fresh vote of confidence from veteran portfolio manager Chris Versace, who raised his price target on the data analytics company to $140 per share as demand for artificial intelligence tools continues to expand across industries. Palantir has surged 63% year to date after climbing 340% in 2024, fueled by growing adoption of its AI platform, enterprise Foundry suite, and defense-focused Gotham product. The company reported first-quarter revenue of $884 million, up 39% from a year earlier, with net income of $214 million and adjusted earnings per share of 13 cents. CEO Alex Karp said in the Q1 release that U.S. commercial revenue rose 71% year over year, surpassing a $1 billion annual run rate. He described the company as "the operating system for the modern enterprise in the era of AI. Versace cited Palantir's expansion into new verticals, including a recent deal with Bolt Financial to deliver agentic AI-powered retail checkout experiences, as evidence of growing private-sector traction alongside its longstanding government contracts. He said the increasing diversity of use casesfrom banking and biotech to logistics and national securityshould allow Palantir to continue cross-selling and scaling its platform. Full-year guidance calls for 36% top-line growth and 68% growth in U.S. commercial revenue. Versace said the commercial tailwinds support his upgraded $140 target. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Palantir (PLTR) Target Raised to $140 on Strong AI Momentum
Palantir Technologies (PLTR, Financials) received a fresh vote of confidence from veteran portfolio manager Chris Versace, who raised his price target on the data analytics company to $140 per share as demand for artificial intelligence tools continues to expand across industries. Palantir has surged 63% year to date after climbing 340% in 2024, fueled by growing adoption of its AI platform, enterprise Foundry suite, and defense-focused Gotham product. The company reported first-quarter revenue of $884 million, up 39% from a year earlier, with net income of $214 million and adjusted earnings per share of 13 cents. CEO Alex Karp said in the Q1 release that U.S. commercial revenue rose 71% year over year, surpassing a $1 billion annual run rate. He described the company as "the operating system for the modern enterprise in the era of AI. Versace cited Palantir's expansion into new verticals, including a recent deal with Bolt Financial to deliver agentic AI-powered retail checkout experiences, as evidence of growing private-sector traction alongside its longstanding government contracts. He said the increasing diversity of use casesfrom banking and biotech to logistics and national securityshould allow Palantir to continue cross-selling and scaling its platform. Full-year guidance calls for 36% top-line growth and 68% growth in U.S. commercial revenue. Versace said the commercial tailwinds support his upgraded $140 target. This article first appeared on GuruFocus.
Yahoo
09-06-2025
- Business
- Yahoo
Palantir (PLTR) Target Raised to $140 on Strong AI Momentum
Palantir Technologies (PLTR, Financials) received a fresh vote of confidence from veteran portfolio manager Chris Versace, who raised his price target on the data analytics company to $140 per share as demand for artificial intelligence tools continues to expand across industries. Palantir has surged 63% year to date after climbing 340% in 2024, fueled by growing adoption of its AI platform, enterprise Foundry suite, and defense-focused Gotham product. The company reported first-quarter revenue of $884 million, up 39% from a year earlier, with net income of $214 million and adjusted earnings per share of 13 cents. CEO Alex Karp said in the Q1 release that U.S. commercial revenue rose 71% year over year, surpassing a $1 billion annual run rate. He described the company as "the operating system for the modern enterprise in the era of AI. Versace cited Palantir's expansion into new verticals, including a recent deal with Bolt Financial to deliver agentic AI-powered retail checkout experiences, as evidence of growing private-sector traction alongside its longstanding government contracts. He said the increasing diversity of use casesfrom banking and biotech to logistics and national securityshould allow Palantir to continue cross-selling and scaling its platform. Full-year guidance calls for 36% top-line growth and 68% growth in U.S. commercial revenue. Versace said the commercial tailwinds support his upgraded $140 target. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
05-06-2025
- Business
- Bloomberg
Palantir Partners With Former Fintech Darling Bolt for AI Checkout
Palantir Technologies Inc., the data analytics firm co-founded by billionaire Peter Thiel, is partnering with one-click checkout platform Bolt Financial Inc. to offer a payments process enhanced by artificial intelligence. The startup plans to offer consumers a personalized checkout experience by leveraging Palantir's software and data analysis, according to a statement from Bolt. The feature will present people with their preferred payment method, in addition to remembering their shopping preferences and making suggestions for additional items to buy.
