Daiichi Sankyo and Merck report phase 2 trial results for lung cancer drug
Investing.com - William Blair reiterated its Market Perform rating on Palantir Technologies Inc. (NASDAQ:PLTR) following the company’s AIPCon 8 event. According to InvestingPro data, PLTR maintains a "GREAT" overall financial health score, with impressive gross profit margins of 80%.
The research firm updated its Palantir commercial logo tracker to include new customer logos announced at the conference. William Blair previously analyzed new customer logos from AIPCon 7 in March to track commercial momentum.
William Blair forecasts Palantir’s U.S. commercial business to grow 103% for the September quarter, noting that "an overall Rule-of-100 quarter is possible as incredible as that sounds." The firm also indicated that OpenAI is not currently impacting Palantir’s growth rate.
On the defense side, Palantir has already secured several contracts in the September quarter, with William Blair’s "Dotted Line tracker" monitoring additional large programs in the pipeline.
Despite the positive momentum, William Blair highlighted investor concerns about the competitive landscape five years from now, as companies like OpenAI raise capital, recruit talent, and pursue enterprise and defense markets.
In other recent news, Palantir Technologies has announced a collaboration with Lumen Technologies to integrate its Foundry and Artificial Intelligence Platform across Lumen’s operations. This partnership aims to streamline workflows and accelerate decision-making as Lumen transitions to a next-generation technology infrastructure company. Palantir is also expanding its partnership with Japan’s SOMPO Holdings, enhancing their joint venture to include insurance claims processes like fraud detection and claim triage.
Additionally, Palantir will host its eighth AIPCon event, showcasing applications of its platforms by over 70 U.S. commercial customers, including Lumen and American Airlines. Meanwhile, the company’s stock faced a decline after Citron Research expressed caution about its valuation, echoing concerns from OpenAI CEO Sam Altman regarding the AI market.
Moreover, Unstructured has joined Palantir’s FedStart program to expedite its path toward federal compliance certifications. This initiative aims to leverage Palantir’s expertise in security and compliance to assist companies in securing federal authorizations.
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