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⛽️ PUMP IT | Palantir Bullets #39
This week's Palantir developments and the crowned “Tweet of the Week”
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Before we start, I am humbled to tell you that @amitisinvesting and I had the opportunity to interview Dan Ives, one of the top-ranked tech analysts on Wall Street! The full recording is below.
“It was getting to the point where they were becoming too big in AI to not cover them. It was like if I wanted to talk about pizza but I didn’t talk about cheese.” - Dan Ives, Wedbush
Palantir reported its second consecutive quarter of GAAP Operating Income, raised guidance for '23 FY, and authorized a $1bn buyback program.
"AIP already has users across more than one hundred organizations... As a result, the demand for AIP is unlike anything we have seen in the past twenty years. We are currently in discussions with more than three hundred additional enterprises to deploy AIP within their organizations." - Alex Karp, Q2 Letter
Palantir partners with Azule Energy, an Angolan joint venture between BP and Eni.
"Palantir Foundry will help Azule Energy manage their current 200,000 barrels of daily oil production and support their growth goal of 250,000 barrels per day." Palantir press release
Matthew Babin, Palantir Head of Energy and Natural Resources, shared an interview with Oil and Gas Industry Leaders Podcast
"The best way to lead is by doing" - Matthew Babin, Palantir
- unveiled Novo Nordisk, a Danish pharma giant, has a Foundry active link:
@Either_Square also unveiled 8V, the VC owned by Palantir Co-Founder Joe Lonsdale, as a Foundry client.
IRS executed a $30mn call against an existing blanket purchase agreement with Palantir.
Hertz CEO and Charmain praised Palantir as a key supplier for building two crucial internal products.
"We are 60% of the way through that journey". Stephen Scherr, Hertz CEO & Chairman
Polly Scully Senior Counsellor, UK Government, shared an interview at Defence and Security Equipment International (DSEI).
"We’re really excited to move full-force into the AI and Large Language Model spaces, so we’ll have a lot of demonstrations on our booth highlighting our workflows for defence in that specific domain." - Polly Scully, Palantir
Wedbush reiterates its Outperform rating ($25 target) after earnings.
"After the bell Palantir reported solid headline results with guidance and commentary around AIP (launched only 10 weeks ago) that will be front and center for the Palantir bulls." - Dan Ives, Wedbush
Citi analyst Tyler Radke raised the price target to $10.00 (from $6.00) while maintaining a Sell rating.
"We maintain our Sell/High-Risk rating with the stock still trading at a “high growth” valuation of ~16x CY24 EV/Sales and lacking meaningful profitability support and facing high government exposure and decelerating growth." - Tyler Radke, Citi
Events | Potential Catalysts from @PalantirChad:
AIPCon | September 14th
S4G Summit | September 21st
NHS Contract Announcement
Q3 Results | November
Army Vantage Data Platform
TITAN Competitive Prototyping
Space Force SW Services | Data Analytics IDIQ Contract
1st Software Prime Designation
Tweet of the week
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