Prediction: Palantir Sell-Off Could Be a Buying Opportunity, but With One Major Caveat
One of the biggest hurdles for investors interested in buying Palantir Technologies (NASDAQ: PLTR) stock has been its high valuation. But it can overcome this by continuing to accelerate its revenue growth and grow into that valuation.While the stock price sank following its Q1 results, the company once again showed accelerated revenue growth in the quarter and raised its revenue outlook for the year. However, with a high valuation comes high expectations, and while it was a very strong report, it wasn't perfect.Image source: Getty Images.Continue reading
One of the biggest hurdles for investors interested in buying Palantir Technologies (NASDAQ: PLTR) stock has been its high valuation. But it can overcome this by continuing to accelerate its revenue growth and grow into that valuation.
While the stock price sank following its Q1 results, the company once again showed accelerated revenue growth in the quarter and raised its revenue outlook for the year. However, with a high valuation comes high expectations, and while it was a very strong report, it wasn't perfect.
Image source: Getty Images.
