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Palantir records high valuation with 93% Q2 revenue growth

The Motley Fool +1 ·

PLTR Palantir Technologies Inc
$196.75 +0.29%
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  1. 1Palantir reversed its downward trend starting in August, recording an annual Palantir stock price increase of approximately 12%.
  2. 2Palantir achieved a 93% revenue growth rate in Q2, and the US commercial sector revenue growth rate recorded 149% in Q2.
  3. 3Palantir achieved a 55% profit margin in Q2, but the stock is trading at nearly 125 times this year's earnings.

So what's the key point?

Palantir's revenue increased by 93% in the second quarter. While profits were also strong, the stock is trading at a very high price relative to its earnings.

Source The Motley Fool +1 · View original ↗

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