Palantir Technologies faces defense budget volatility despite surge in US commercial revenue
- 1Palantir Technologies recorded a 96% year-over-year increase in total revenue for the third quarter.
- 2The $1.5 trillion defense budget for 2027 requested by President Donald Trump may not be approved by the US Congress.
- 3The stock price fell 23% from its October peak, with a price-to-earnings multiple of 112x and a price-to-sales multiple of 56x.
So what's the key point?
Palantir Technologies' revenue grew by 96% compared to last year. However, the defense budget could decrease, and the stock price fell because it is expensive relative to its earnings.
Source The Motley Fool +1 · View original ↗
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