Palantir Stock Forecast 2025: $4 Billion Growth In Revenue

This makes Palantir a market leader in both government and commercial markets for artificial intelligence data analysis.

And being involved in both markets is how it will get to $4 billion in revenue in 2025; Palantir's sales will keep its revenue growing every year.

Back in the third quarter of 2020, Palantir's earnings report came back positive. And if you look ahead to the fourth quarter of 2020, Palantir posted $322 million in quarterly revenue - showing that growth in revenue through these new partnerships.

In fact, it added 20 new customers in the second quarter of 2021, up 13% year over year. Those new customers helped Palantir earn $717 million in revenue the first six months of 2021 - 49% higher compared to the first two quarters of 2020.

As a result, Palantir's sales have increased 34% year over year. And it's worth noting that since 2018, Palantir has almost doubled sales from $595 million to $1.1 billion in 2020.

That's helped generate revenue of $375 million in the most recent quarter, giving Palantir the potential to be one hell of a growth stock story.

When you take a step back and look at the all the trends like autonomous vehicles, renewable energy, infrastructure, and smart cities, they all have one thing in common: AI.

And AI is going to be the backbone for all these technologies.

In turn, it will drive growth of each respective sectors as it modernizes supply chains, manages the government's budget, and operates efficient smart grids. Eventually, it will have a key role in national security, too.

There have been many technologies that have changed the world; AI driven data analysis is going to be another one for the books.

This puts Palantir in the position to be an industry leader.

But the company is not without its risk.

PLTR Has Growth, but It Also Has Risk

Palantir's strong revenue growth is driven by the impressive increase of business. Contracts like those with the U.S. Army (Project Vantage for $114 million) and renewal with ita aerospace customer for $300 million continue to drive revenue.

View single page >> |

Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
William K. 2 months ago Member's comment

A whole lot of interesting information and a lot of analysis as well. Very good