Palantir stock: Wall Street analyst issues a massive warning
Analysts at Monness, Crespi, and Hardt issued a massive warning to investors regarding Palantir stock ahead of the software maker’s earnings report next week.
“Given the exorbitant number of shares outstanding, we believe it will take several years for Palantir to grow into its current valuation.”) as well-positioned to benefit from the AI trend and capitalize on volatile geopolitics in the long run, they consider the current valuation to be extreme. Year-over-year revenue growth is expected to accelerate to 25% in 2Q24 from 21% in 1Q24 and 13% in 2Q23.
“Palantir has experienced strong trends within its U.S. commercial business in recent quarters; however, this market is susceptible to the vicissitudes of the economy,” analysts added.Scan QR code to install app
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