Palantir revenue grew 96% but stock price fell
PLTR Palantir Technologies Inc
$172.40 +2.12%
View chart & analysis → - 1Palantir reported very strong results with revenue growing 96% on November 2.
- 2Palantir shares saw selling pressure of over 10% in the days following the earnings announcement.
- 3Palantir is recording a trading multiple of 100 times its earnings this year.
So what's the key point?
News reported that Palantir revenue grew 96%. However, the stock price fell by more than 10% and the stock price is expensive compared to earnings.
Source The Motley Fool +1 · View original ↗
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