What's Going On With Palantir Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower ahead of its second-quarter earnings report, which is expected to be released on Monday after the closing bell. Analysts predict earnings of 8 cents per share and revenue of $652.141 million. The stock is down 7.63% amid broader market declines and economic slowdown concerns. Wedbush analyst Dan Ives maintains an Outperform rating with a $35 price target, highlighting Palantir's potential in the AI sector.
August 02, 2024 | 3:05 pm
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Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower ahead of its Q2 earnings report, expected to show 8 cents EPS and $652.141 million in revenue. The stock is down 7.63% amid broader market declines and economic slowdown concerns. Wedbush analyst Dan Ives maintains an Outperform rating with a $35 price target, citing Palantir's potential in the AI sector.
The stock is currently trading lower due to broader market declines and economic concerns. The upcoming earnings report could provide a catalyst for movement depending on whether results meet, exceed, or fall short of expectations. Analyst ratings and the company's potential in the AI sector are also key factors.
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