Palantir Stock (NYSE:PLTR): Should You Buy the Post-Earnings Dip? [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
Notably, Palantir showcased yet another quarter of solid revenue growth, promising client base expansion, and strong profitability metrics. That said, concerns persist regarding the stock's elevated valuation. Consequently, despite my belief in Palantir's long-term prospects as a shareholder, I maintain a neutral stance towards the stock at present and don't believe the dip is worth buying. Accelerating Growth Driven by Government and Commercial Clients Palantir Q1's marked a period of accelerating growth, driven by solid performance in both the company's Government and Commercial segments. Revenues landed at $634.4 million, up 20.8% year-over-year. This implies an acceleration from last year's growth of 17.7% and the third consecutive quarter of accelerating revenue growth on a sequential basis. Let's take a deeper look at both Palantir's segments in Q1 to better understand what precisely drove this result. Government Revenue Fueled by Domestic Acceleration, International Expan
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- PLTR's page on the SEC website