The Stock Of Palantir Is Currently Experiencing A Significant Decline. It Is Uncertain Where It May Be Headed In The Near Future

There has been a significant decline in Palantir’s stock since August, despite it being a major winner in the AI industry.

On Wednesday, the stock fell by 11% to $15.25, which is the biggest drop since November 2022.

Palantir is currently focusing on its AI ambitions; however, the slowing revenue growth is a major concern.

Even though Palantir’s second-quarter report had increased the guidance, it was still not enough to sustain the rally for a stock that has more than doubled this year so far.

According to FactSet, Palantir’s second-quarter revenue growth of 13% from a year earlier may not appear impressive for a company that is trading at 81 times its expected earnings this year.

Gil Luria from D.A. Davidson stated that the company has a lot of work to do to translate AI demand into growth acceleration.

Furthermore, Palantir only raised its full-year revenue guidance by $2 million, and its remaining performance obligations, which is contracted revenue that hasn’t yet been recognized, were down by 20% from the same period a year earlier.

William Blair’s Louie DiPalma noted that Palantir’s deceleration continues a long-term trend as revenue growth peaked at 49.9% in the second quarter of 2021.

Palantir Short (Sell)
Enter At: 14.84
T.P_1: 13.81
T.P_2: 12.65
T.P_3: 11.48
T.P_4: 10.32
S.L: 17.17

Palantir Technologies
Palantir Technologies

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