Reported about 5 hours ago
Despite Palantir's impressive quarterly earnings exceeding expectations and a positive outlook, its stock fell sharply by 9%, leading tech stocks down as concerns about overvaluation grew amidst a significant rally this year. Analysts expressed mixed feelings; while some viewed the results favorably, overall apprehension about a potential market bubble and extreme valuation levels dampened investor sentiment. The stock remains one of the year's best performers, soaring 150%, but several experts issued lower price targets, citing valuation concerns.
Source: YAHOO