Palantir Nears The Tough $30 Barrier As Investors Watch Q2 Earnings Amid Fluctuating Stock Performance And Heightened Expectations
Portfolio Pulse from Zaheer Anwari
Palantir Technologies Inc (NYSE:PLTR) is set to release its Q2 2024 earnings on August 5. The company anticipates reporting a Q2 revenue of $665.9 million and an operating profit margin of 36.1%. Despite a 51% stock increase this year, the stock has faced volatility and is currently trading at $26.08. Investors are watching closely to see if the earnings report will help the stock break the $30 barrier.
August 02, 2024 | 2:39 pm
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Palantir Technologies Inc (NYSE:PLTR) is set to release its Q2 2024 earnings on August 5. The company anticipates reporting a Q2 revenue of $665.9 million and an operating profit margin of 36.1%. Despite a 51% stock increase this year, the stock has faced volatility and is currently trading at $26.08. Investors are watching closely to see if the earnings report will help the stock break the $30 barrier.
Palantir's upcoming Q2 earnings report is critical as it could determine whether the stock can break the $30 barrier. The anticipated revenue and operating profit margin indicate steady growth, but the stock has been volatile. A positive earnings surprise could drive the stock price higher.
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