Palantir (NYSE: PLTR) stock is soaring this year. Earlier this month, the company reported per-share earnings of $0.05 on revenue of $525 million, while the average analyst estimate had called for per-share earnings of $0.04 on sales of $506 million.

Between the sales and earnings beats, some encouraging guidance, and excitement surrounding artificial intelligence (AI) initiatives, Palantir stock has seen a strong post-earnings rally, and the company's share price is now up roughly 83% year to date. If you're wondering whether the stock is still a buy on the heels of its explosive gains, read on for a look at bullish and bearish catalysts and dynamics that could shape its performance going forward. 

Palantir's first-quarter results and guidance were solid. In addition to its public sector customers, Palantir has been seeing rising demand from the private sector. The company's U.S. commercial customer count increased 50% year over year in the first quarter to reach 155, and revenue from the cohort grew 26% and helped push overall revenue up 18% compared to the prior-year period.

Continue reading

Source Fool.com