Piper Sandler's Bradcelin says Palantir still has room to run, 'we are in early innings'
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Palantir Technologies' (PLTR) Pipeline Bolstered by $100M NGC-2 Contract
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best 52-week high stocks to buy now. On July 21, the stock was a big mover after the company secured a $100 million contract from the US government for the Next-Generation Command and Control (NGC-2) platform prototype. A data extraction engineer assembling a complex integration and configuration. In partnership with Anduril, Palantir is tasked with developing the next phase of NGC-2, one of the US Army's highest-priority projects. Palantir is likely to incorporate its Maven Smart System and Edge Data Mesh into NGC-2. Research firm William Blair expects $30 million of the total contract value to go to Palantir, with potential to increase to more than $150 million in annual recurring revenue over the next three years. Palantir allegedly secured $135 million in annual recurring revenue across nine different contracts in the second quarter compared to just $27 million in the same period last year. Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms for data integration, analysis, and decision-making. It helps organizations, particularly in government and commercial sectors, make sense of vast amounts of data to solve complex problems. Its platforms, including Gotham, Metropolis, and Foundry, are used for various applications, from national security and law enforcement to financial services and supply chain management. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen and 11 Growth Stocks That Could Double by 2027. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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11 hours ago
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Jim Cramer on SoundHound AI: 'I Would be a Little Careful'
SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks that Jim Cramer looked at. Answering a caller's query about the company, Cramer said: 'SoundHound, okay. So SoundHound is one of those stocks that has to be eviscerated over the next couple of days because it's part of the evisceration crowd. I mean, one of the things that's happening here is we're in a rotation, selling all these stocks and… buying a stock in Campbell Soup. Now that is not necessarily my kind of rotation, but it is one that is going on. And I have to say, I would be a little careful, SoundHound.' Photo by Adam Nowakowski on Unsplash SoundHound AI (NASDAQ:SOUN) develops voice AI solutions that power conversational experiences across industries using platforms like Houndify and SoundHound Chat AI. The company provides tools for custom voice assistants, real-time data integration, and advanced speech recognition technologies. During a May episode, when a caller inquired about the stock, Cramer replied: 'SoundHound, I gotta look at Professor Ben Stoto, the scientist. He and I often coagulate about SoundHound, there's a new way to use a bad verb, and it's not true. Here's the deal, I think SoundHound is really, it's not a thing of imagination. They could end up making money, but enough, enough with the SoundHound. Hey, look, I tolerate Palantir. How much can you ask from one person?' While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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12 hours ago
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Up 84% and down 53%! 2 innovative growth stocks on my ISA watchlist
Like most investors, I have a watchlist of shares that I'm keeping an eye on. These might be high-quality growth stocks that are overpriced, and I'm waiting for them to come back down to earth (Palantir, for example). Or smaller firms where I'm still learning more about them. Here, I want to revisit two shares on my watchlist that have trodden very different paths this year. One has lost half its value, while the other has surged by over 80%. Which one looks more attractive to me right now? Let's find out. Robotic kitchens Let's start with the underperformer, which is Sweetgreen (NYSE: SG). The stock is down 53% year to date and around 72% since its 2021 IPO. Sweetgreen is a salad restaurant chain, with over 251 locations across the US. It sources the best quality ingredients from farmers and local suppliers, prioritising organic produce where possible. One thing I find interesting about the company is its Infinite Kitchens, which are restaurants where machines assemble salad bowls. Sweetgreen says these can produce 500 bowls per hour, about 50% faster than traditional human preparation. However, the stock plunged 31% in May after the firm released its Q1 earnings. In this, it reported slowing sales growth (a 5.4% rise to $166.3m). Same-store sales growth declined 3.1% year on year. For context, quarterly revenue and same-store sales growth was 26% and 5%, respectively, the year before. The problem here is that Sweetgreen isn't yet profitable (it lost $25m in Q1), so this sudden slowdown has spooked investors. In some ways, slowing sales isn't that unexpected. There's a lot of economic uncertainty and many consumers are eating out less due to budget constraints. Things might get worse, especially if food inflation takes hold. Still, management is aiming for 40 net new restaurant openings this year, with 20 featuring an Infinite Kitchen. High as a kite In contrast to Sweetgreen, Rocket Lab (NASDAQ: RKLB) shares have skyrocketed 84% year to date, and 1,150% since April 2024! Two developments have been pushing the rocket company's shares higher. First, there's growing excitement about its Neutron rocket, which is due for its debut launch later this year. This is a medium‑lift, partially reusable rocket that may compete with SpaceX's Falcon 9. Second, investors are betting that Rocket Lab will benefit from the spectacular fallout between SpaceX CEO Elon Musk and President Trump. It could be a direct beneficiary if SpaceX misses out on new contract awards. My Foolish takeaway Stepping back, there's a lot of daft valuations around right now, which reminds me of 2021. With a price-to-sales (P/S) ratio of 51, Rocket Lab stock is clearly partaking in this speculation. It could fall back to earth spectacularly if the Neutron launch fails or the global economy enters a recession. If so, I'll take another look. Market cap 2024 revenue P/S ratio Rocket Lab $22.5bn $436m 51.6 Sweetgreen $1.7bn $677m 2.4 Meanwhile, Sweetgreen stock has fallen from $44 in November to $14 today, giving it a P/S multiple of 2.4. I think it could be a big winner from its current level, assuming the disruptive company can kickstart growth and use its robotic automation to become profitable. On this basis, it might be worth considering. But with declining comparable sales, I personally need a bit more convincing before I add it to my portfolio. Sweetgreen reports Q2 on 7 August. The post Up 84% and down 53%! 2 innovative growth stocks on my ISA watchlist appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Ben McPoland has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
