Reported about 6 hours ago
Palantir Technologies (PLTR) saw its stock drop by over 10% on Tuesday following a solid earnings report, as analysts questioned whether the company's soaring valuation was justified. Despite forecasts exceeding Wall Street expectations, including anticipated revenue of over $1.3 billion for Q4 and a full-year revenue increase to $4.4 billion, concerns linger about the sustainability of its growth and the high price-to-earnings ratio of 230. The stock's performance has been mixed in the wake of continued debate over its valuation amidst a backdrop of a government shutdown and criticism surrounding its defense contracts.
Source: YAHOO