Palantir shares post biggest daily slide since 2022 after forecast disappoints [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
since May 2022, a day after the data analytics company gave a revenue forecast that disappointed. The stock closed at $21.40, while on Wall Street, action was more subdued, with the S&P 500 ending slightly higher and the Nasdaq down a bit. Late on Monday, the company raised its annual revenue forecast amid strong demand for its services that help businesses deploy artificial intelligence applications, but the forecast missed Wall Street's lofty expectations. Still, several brokerages raised their price targets following the report, including D.A. Davidson, which raised its target to $24 from $19. "While guidance for FY2024 was increased, it was lighter than expected," D.A. Davidson analysts wrote in their research note, adding that management had noted "they're seeing unavoidable headwinds in Europe." But they wrote that overall the company results for the first quarter were "solid ... driven by further operating margin expansion and growth within U.S. Commercial revenue." D
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website