Why Isn't Palantir's Stock Taking Off After Another Strong Quarter?
Palantir Technologies (NASDAQ: PLTR) recently delivered another strong earnings performance. Its growth rate accelerated, and it beat analyst expectations on revenue (and met on profit). Despite this, the stock isn't soaring to new heights. Instead, it was falling in the days after the earnings release.What's wrong with Palantir's stock? Could the post-earnings drop mean trouble for investors hoping its impressive rally continues? Year to date, the share price of Palantir is up more than 71%. However, recent trading suggests the market is having second thoughts about the stock.Image source: Getty Images.Continue reading
Palantir Technologies (NASDAQ: PLTR) recently delivered another strong earnings performance. Its growth rate accelerated, and it beat analyst expectations on revenue (and met on profit). Despite this, the stock isn't soaring to new heights. Instead, it was falling in the days after the earnings release.
What's wrong with Palantir's stock? Could the post-earnings drop mean trouble for investors hoping its impressive rally continues? Year to date, the share price of Palantir is up more than 71%. However, recent trading suggests the market is having second thoughts about the stock.
Image source: Getty Images.
