Palantir Soars On Earnings Beat, But I'm Still Not Very Bullish
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Palantir Technologies reported strong Q3 earnings with 30% revenue growth and a 10% earnings beat, leading to a 13% increase in share price. U.S. revenue growth was driven by demand for AI services. However, concerns remain about the company's high valuation at 100x earnings.
November 05, 2024 | 12:30 pm
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Palantir Technologies' Q3 earnings report showed a 30% revenue growth and a 10% earnings beat, resulting in a 13% share price increase. U.S. revenue growth was strong due to AI service demand. However, the high valuation at 100x earnings is a concern.
Palantir's strong Q3 earnings and revenue growth, particularly in the U.S. due to AI demand, positively impacted its stock price. However, the high valuation at 100x earnings could limit future price appreciation, creating a mixed outlook.
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