05:08 AM EST, 02/04/2025 (MT Newswires) -- (Updates with the stock move and analyst comments in the headline and the last four paragraphs.)

Palantir Technologies ( PLTR ) reported Q4 adjusted earnings late Monday of $0.14 per share, up from $0.08 a year earlier.

Analysts surveyed by FactSet expected $0.11.

Revenue in the three months ended Dec. 31 rose to $827.5 million from $608.4 million a year earlier.

Analysts polled by FactSet expected $775.8 million.

The company expects Q1 revenue of $858 million to $862 million. Analysts surveyed by FactSet expect $799.6 million.

The company expects full-year revenue between $3.74 billion to $3.76 billion. Analysts polled by FactSet expect $3.50 billion.

Shares of the company jumped more than 17% in premarket activity Tuesday.

"We are very impressed by these results," Mizuho said in a note to clients Monday. But the brokerage added that "valuation cannot and should not be irrelevant, and we find it exceedingly difficult to justify PLTR's multiple that in our view already discounts significant further acceleration and upside versus consensus expectations."

Palantir's ( PLTR ) shares have "dramatically" spiked over the past few months and trade at 56x calendar year 2026 estimated revenue for perhaps "mid-30s expected growth," Mizuho said.

Mizuho reiterated its underperform rating for the shares but "materially" raised its price target to $80 from $44 on the "strong execution and significant upward revisions."