Palantir Technologies (PLTR) blowout financial results weren’t enough to convince analysts at Citigroup (C) that the stock is a Buy.Maximize

Despite impressive profitability and sales growth, PLTR's stock valuation at 53.5x leading sales is frothy, necessitating a rating change to “Sell.” Read more here.

Palantir Technologies Inc.’s hefty premium will be in focus when the data analysis software giant reports earnings after the market close on Monday — with the stock trading at levels some see as difficult to maintain.

Palantir Technologies reported strong revenue growth last quarter as the company that made its name providing software to the U.S. government said demand for its artificial intelligence products continues to expand.

Palantir’s strong numbers were driven by a 52% year-over-year and 12% quarter-over-quarter increase in revenue in the U.S., with U.S. commercial revenue up 64% year-over-year and government revenue up 45%. The company closed 129 details of at least $1 million in the quarter, 58 deals of at least $5 million and 32 deals of at least $10 million.

Key Takeaways Palantir Technologies shares soared to an all-time high Tuesday, a day after the company's outlook blew past analysts' expectations on strong demand for its Artificial Intelligence Platform.

The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 26.9% in the morning session after the company reported impressive fourth-quarter results, which blew past analysts' billings,

A woman walking past the Palantir Technologies logo during the World Economic Forum (WEF) annual meeting in Davos, Switzerland on January 19, 2023. Shares of software platform company Palantir (PLTR) soared close to 27% during Tuesday morning trading.

Palantir (PLTR) is one of the top-performing S&P 500 Index ($SPX) stocks, rising by an impressive 513% over the past year. This notable growth in PLTR stock reflects the strong demand for the data analytics and software company’s solutions.