Palantir于周四晚间宣布，预计将于11月26日开始在纳斯达克交易，股票代码仍为“PLTR”。虽然更换上市交易所并不会改变公司的基本面，但董事会成员、风投公司8VC合伙人Alexander Moore在社交媒体X(前Twitter)发文称，这一举措可能对散户投资者有利，因为“这将迫使”交易所交易基金(ETF)购买数十亿美元的股票。Palantir stocks continue to rise, surging by 11%, setting a new historical high.
According to Zhito Finance APP, on Friday, Palantir (PLTR.US) stocks continued to rise, surging 11%, reaching a historical high. The company, which develops software for the military, announced its plan to relocate its listing from the New York Stock Exchange to the Nasdaq exchange.
By the close of trading, Palantir's stock price surpassed $65.77, and the company's market cap reached $150 billion. Since last week's better-than-expected earnings report, the company's stock price has cumulatively risen over 45%, with nearly a fourfold increase this year.
Palantir announced on Thursday evening that it expects to begin trading on Nasdaq on November 26, with the stock ticker still being 'PLTR'. Although changing the listing exchange does not alter the company's fundamentals, board member and venture capital partner at 8VC, Alexander Moore, stated on social media X (formerly Twitter) that this move could benefit retail investors, as 'it will force' exchange-traded funds (ETFs) to purchase billions of dollars worth of shares.
‘Everything we do is to reward and support our loyal retail 'diamond hands’,’ wrote Moore. 'Diamond hands' is a term commonly used in the crypto community, referring to long-term holders. However, Moore later appeared to delete his X account, and his company 8VC has not yet commented on this.
On Monday after the market closed, Palantir announced its third-quarter earnings report, exceeding market expectations and releasing a fourth-quarter outlook that is above Wall Street's expectations. The company's CEO, Alex Karp, stated in the earnings report that the company's performance this quarter 'far exceeded expectations’, driven primarily by demand for AI technology.
The report shows that Palantir's government business revenue in the USA increased by 40% year-on-year, reaching $0.32 billion; and commercial revenue in the USA increased by 54% year-on-year, reaching $0.179 billion. In the earnings call, the company specifically mentioned a five-year contract with the US military to extend its Maven technology throughout the Department of Defense. The Maven project started in 2017, aiming to provide AI tools to the US Department of Defense.
The increase in stock price after the earnings report is also related to the market atmosphere following last week's presidential election. The market believes that, given palantir's connection to Trump's camp, the company may benefit from it. Palantir co-founder and chairman Peter Thiel was a key supporter of Trump's first successful campaign, although he later publicly split from Trump.
In September of this year, s&p global announced that palantir would be included in the s&p 500 index. Nevertheless, analysts at Argus Research warned that, considering the current financial status and growth expectations, the stock's increase may be too high. Although analysts still give the stock a long-term buy rating and stated in a report last week that the company's performance this quarter was 'outstanding,' they downgraded the 12-month recommended rating to 'hold.' The analysts wrote in the report: 'The current stock price may have exceeded the level supported by the company's fundamentals.'
