What's Going On With Palantir Stock?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NASDAQ:PLTR) shares are volatile ahead of the company's Q2 financial results. Analysts expect earnings of 5 cents per share on revenue of $533.88 million. The company has seen increased demand for its AI platform and has announced several new contracts. However, analysts' opinions vary, with Wedbush giving an Outperform rating and a $25 price target, while RBC Capital maintains an Underperform rating with a $5 price target. Palantir has beat revenue expectations in 10 straight quarters.
August 07, 2023 | 1:48 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Palantir's stock is volatile ahead of its Q2 results. The company has seen increased demand for its AI platform and has beat revenue expectations in 10 straight quarters. However, analysts' opinions vary significantly.
The volatility of Palantir's stock is due to the upcoming Q2 results. The company's increased demand for its AI platform and consistent beating of revenue expectations are positive signs. However, the varying opinions of analysts, with some giving an Outperform rating and others an Underperform rating, create uncertainty about the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100