What's Going On With Palantir Stock?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares have been trading lower, adding to losses of over 10% in the last week. The company reported Q2 results in line with estimates, issued strong guidance, and announced a $1 billion buyback. Several analysts adjusted price targets on the stock. Palantir also announced a multi-year partnership with Azule Energy.
August 09, 2023 | 1:32 pm
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Palantir's stock has been trading lower despite positive Q2 results and strong guidance. The company also announced a $1 billion buyback and a partnership with Azule Energy.
Despite positive Q2 results, strong guidance, a $1 billion buyback, and a new partnership, Palantir's stock has been trading lower. This could be due to market volatility or investor sentiment. However, the company's fundamentals remain strong.
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IMPORTANCE 80
RELEVANCE 100