Palantir has recently reached an important milestone by achieving sustained profitability, marking its fifth consecutive quarter of positive GAAP earnings. This achievement is driven by a 20% year-over-year revenue growth, with a notable increase in demand for its AI products. The company posted strong Q4 2023 results, including $93.4 million in net income, which has helped improve investor sentiment.

Palantir's success, especially in AI and U.S. commercial sectors, positions it for further growth, and some analysts have raised their price targets accordingly.