Analysts revamp Palantir stock target amid post-earnings tumble
Here’s what could be next for the AI software stock that surged 340% last year.
Alex Karp may be celebrating a breakout quarter, but that might not be enough to keep Wall Street convinced.
“Palantir is on fire,” Palantir's chief executive said on May 5 during the earnings call. Many of the company’s latest numbers and guidance exceeded analysts' estimates. However, the stock tumbled 12% the next trading day, nearing its biggest decline since May 7, 2024, when it fell over 15%.
