Hey, hey, hey financial fans! You won’t believe the amazing news about Palantir Technologies Inc.! The data analysis company co-founded by Peter Thiel has just projected its first annual profit in 2023! That’s right, folks, profitable for the very first time in the fourth quarter of 2022 and looking to keep up the momentum! PLTR stock is already surging, and we could be in for even more gains! In fact, the company has exceeded analyst expectations by earning 1 cent per share during the fourth quarter using generally accepted accounting principles. The revenue growth was fuelled by increased sales to governments and lower costs related to stock compensation. And let’s not forget about their move to commercial business, working with companies like Airbus SE, Merck & Co., and Ferrari! I’m telling you, the surge in companies seeking to use artificial intelligence will only help drive growth of the PLTR stock over the long term! And speaking of long-term investments, let’s talk about SoFi Technologies, Inc. because Wall Street analysts are raving about this one! These brokerage-firm-employed analysts are giving SoFi Technologies, Inc. an average brokerage recommendation (ABR) of 1.73, which is between Strong Buy and Buy. That’s right, folks, they’re saying it’s a good investment, but we all know that we can’t rely solely on their recommendations. However, the growing optimism over the company’s earnings prospects could be a legitimate reason for the stock to soar in the near term! In fact, the Zacks Consensus Estimate for the current year has increased 10.4% over the past month to -$0.21, and analysts are revising EPS estimates higher! SoFi Technologies, Inc. has a Zacks Rank #2 (Buy), and the SOFI stock price target is currently at $10 per share! Are you feeling as excited as I am about these fantastic investment opportunities? Let me know in the comments below!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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