Palantir (PLTR) stock soars during Monday’s extended-hours trading after the company reported fourth quarter earnings that beat on the top and bottom lines and delivered stronger-than-expected guidance for the upcoming quarter and full year.
Third Bridge senior analyst Jordan Berger joins Market Domination Overtime with Julie Hyman and Josh Lipton to share his reaction to Palantir’s results.
Berger highlights the company’s shift to commercial offerings, expanding beyond their government contracts. "Their pivot to commercial has been a long time coming, and we really saw that come to a head one year ago," he says. "Are they going to maintain that same type of momentum? And I think with this initial release, we see the answer is yes; they’re continuing with that momentum into the next year."
"They’ve been hyper-focused on moving into the commercial market and making it easier to sell this historically very challenging product to sell in these shorter-term time frames, and it seems that we’ve been seeing that pay off," Berger adds. "And now, really, all eyes will be on how those new lands really start to expand into those massive 7- and 8-figure deals that they’re so well known for."
Watch the video above to hear more from the analyst about Palantir’s competition, artificial intelligence (AI) opportunities, and the impact of Trump 2.0 and Elon Musk’s Department of Government Efficiency (DOGE).
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