Analysts revamp Palantir stock target amid post-earnings tumble
Here’s what could be next for the AI software stock that surged 340% last year.
Alex Karp may be celebrating a breakout quarter, however that's no longer going to be enough to salvage Wall Avenue convinced.
“Palantir is on fireplace,” Palantir's chief govt said on May 5 at some stage in the earnings name. Plenty of the firm’s latest numbers and steering exceeded analysts' estimates. On the opposite hand, the inventory tumbled 12% the following procuring and selling day, nearing its best decline since May 7, 2024, when it fell over 15%.
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