Palantir (PLTR) Shares Fall 9% Despite Positive Q3 Earnings Report
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Palantir (PLTR) Shares Continue to Fall as RBC Downgrades to Underperform, Other Analysts Bearish as Well
November 10, 2021 8:13 AM ESTShares of Palantir (NYSE: PLTR) are down over 2% in pre-open after RBC analyst Rishi Jaluria downgraded to Underperform on mixed Q3 results.
The downgrade call is based on four key factors: 1) government deceleration; 2) commercial deceleration (ex-SPACs, which we view as unsustainable); 3) lowered confidence in 30%+ growth; and 4) full valuation.
A new price target of $19.00 (down from... More
Analytics firm Palantir forecasts strong revenue as portfolio swells
November 9, 2021 7:09 AM EST(Reuters) -U.S. data analytics firm Palantir Technologies on Tuesday forecast current quarter revenue to be above Wall Street expectations backed by a strong portfolio of both commercial and government contracts, including with the U.S. Army.
Exceeding expectations for third-quarter revenue, the company said it added 34 net new customers and closed 54 deals of $1 million or more.
Palantir, which provides its software to the United... More
Palantir (PLTR) Reports In-Line Q3 EPS, Offers Q4 Guidance
November 9, 2021 7:03 AM ESTPalantir (NYSE: PLTR) reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $392.1 million versus the consensus estimate of $385.02 million.
GUIDANCE:
Palantir sees Q4 2021 revenue of $418 million, versus the consensus of $402... More
