Palantir Technologies Inc (PLTR)

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Palantir Leaves Rivals In The Dust -- Market Talk
2:22 pm ET November 25, 2020 (Dow Jones) Print

1422 ET - Palantir's remorseless rise hasn't provided the hoped-for benchmark for the rest of the government IT services sector, whose recent valuation surge has been left in the dust. Palantir's market value surged through $50B Wednesday, leaving it worth more than Leidos, Booz Allen Hamilton, CACI, SAIC, KBR, Parsons and Perspecta combined. That profitable group has $48B of trailing 12-month revenues versus $1B for Palantir, whose latest break to almost $30 a share from its $7.25 listing price leaves it trading more than double the consensus target among sell-side analysts. ([e-mail]; @dougcameron)

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November 25, 2020 14:22 ET (19:22 GMT)

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