Reported about 7 hours ago
Palantir (PLTR) reported strong third-quarter earnings, surpassing Wall Street's expectations and raising its revenue guidance, yet its stock saw minimal movement afterward. Despite an impressive 390% increase over the last year, analysts suggest that this prior surge has muted investor reaction. Epistrophy Capital's Cory Johnson explained that while the company's growth is commendable, the stock may be overvalued, as it is priced for perfection. Retail investor enthusiasm doesn't always align with professional investment strategies, leading to a cautious outlook in the market following the earnings report.
Source: YAHOO