Reuters:

Palantir Technologies has revised its fourth-quarter revenue forecast upwards, surpassing Wall Street expectations due to robust demand for its artificial intelligence and data analytics offerings. The company now anticipates fourth-quarter revenue between $1.327 billion and $1.331 billion, exceeding the consensus analyst estimate of $1.19 billion. This marks the third increase in Palantir's annual revenue guidance this year, with projected revenue now ranging from $4.396 billion to $4.40 billion, contributing to the company's stock reaching an all-time high. However, the updated guidance has prompted some valuation concerns. The forecast indicates a slight deceleration in revenue growth to approximately 61% for the fourth quarter, compared to 63% in the third quarter. Furthermore, LSEG data reveals that Palantir's 12-month forward price-to-earnings ratio stands at 246.2, significantly higher than Nvidia's ratio of 33.3, raising questions about the sustainability of its valuation.