What's Going On With Palantir Technologies Stock?
Portfolio Pulse from Erica Kollmann
Palantir Technologies, Inc. (NYSE:PLTR) shares are moving ahead of its Q2 financial results release on Monday. RBC analyst Rishi Jaluria maintained an Underperform rating and $5 price target on Palantir, expressing skepticism about the company's AI capabilities. Palantir is expected to report earnings of 5 cents per share and revenue of $530.2 million. The company also announced a five-year expansion of its partnership with WesTrac Pty, Ltd.
August 04, 2023 | 3:46 pm
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Palantir's stock may be impacted by the upcoming Q2 results, the analyst's underperform rating, and the expanded partnership with WesTrac.
The upcoming Q2 results could impact the stock depending on whether they meet, exceed, or fall short of expectations. The underperform rating and low price target from the RBC analyst could negatively impact investor sentiment. The expanded partnership with WesTrac could have a positive impact, but it may be overshadowed by the other factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100