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why is palantir stock going down

by Kennedy Orn Published 3 years ago Updated 2 years ago
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The stock's latest declines have been largely influenced by the broader market sell-off that has pushed major benchmark indexes like the S&P 500 and tech-heavy Nasdaq 100 into correction territory. High valuation, high growth tech stocks like Palantir have not boded well with the latest macroeconomic backdrop.Feb 11, 2022

Is Palantir stock a buy?

Feb 04, 2022 · Therefore, the only reason why PLTR stock could have drifted so low was valuation. The market might have deemed its valuation metrics too high. Where This Leaves Palantir Stock Now Even if that is...

Why is there controversy around Palantir?

Nov 09, 2021 · Why Palantir Technologies Stock Is Down Today By Lou Whiteman - Nov 9, 2021 at 12:51PM Key Points Palantir reported earnings that matched expectations on stronger-than-expected revenue, but the...

Is Palantir a buy?

Jan 18, 2022 · After another sell-off, Palantir stock is down roughly 18% year to date. What happened The stock market has gotten off to a rocky start in 2022, and Tuesday delivered another day of sell-offs and a...

Should you buy pltr stock?

Feb 18, 2021 · Palantir (NYSE: PLTR) stock declined by about 13% in Tuesday’s trading and is down by almost 25% over the last 5 trading days. The sell-off is largely driven by a mixed December quarter earnings...

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Why is Palantir stock dropping?

Palantir Technologies stock was dropping even after posting better-than-expected revenue growth in the fourth quarter, and offering first-quarter guidance that topped Wall Street estimates, as earnings fell short.Feb 17, 2022

Is Palantir stock a good investment?

Key Points. Palantir disclosed new performance metrics for the first time. The company has a strong balance sheet and is well-positioned to invest in growth. Its commercial sector is beginning to gain steam.Feb 22, 2022

Will Palantir stock go up?

Palantir expects its revenue to rise 30% year over year in the first quarter of 2022, which exceeds analysts' expectations for 29% growth. It also reiterated its long-term goal of growing its revenues by at least 30% each year through 2025. Analysts expect its revenue to rise 32% to $2 billion in 2021.Feb 21, 2022

Will Palantir be profitable?

According to sell-side estimates, Palantir will breakeven by 2024, when its bottom-line based on GAAP is expected to turn a small profit. Regarding its guidance, it was mixed as the company's top-line growth should remain strong, but profitability is not expected to improve much in the short term.Feb 17, 2022

Is Palantir a hold?

Is Palantir a Buy? Despite strong revenue growth, Wall Street analysts, on average, have a hold rating on the stock. Of the 10 analysts tracked by SA over the past 90 days, two rated the stock a strong buy, four a hold, two a sell and two a strong sell. SA authors have rated it a buy, on average.Feb 1, 2022

Is Palantir undervalued?

We think investors are missing Palantir's long-term potential to be an essential component of data operations.Feb 17, 2022

Is Palantir a buy or sell?

The Palantir Technologies Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

Does Palantir have a future?

Despite the recent concerns on the commercial and government segments, Palantir's overall growth has been solid. We expect sales to rise by around 40% in 2021 and Palantir further sees itself growing revenues at 30%-plus levels from 2021 through 2025.Jan 5, 2022

How much is Palantir's revenue?

Palantir’s Revenues grew by 24% to about $740 million in 2019 and growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the company’s services.

What is Palantir used for?

Through Covid-19, Palantir has been seeing higher traction from the public health space, with its services used to track Covid-19 data from hospitals and to trace the spread of the virus. The company is also developing tools to help authorities with the logistics related to Covid vaccines.

How many customers does Snowflake have?

Palantir, on the other hand, needs engineers to adapt its tools to the unique needs of customers. Snowflake had over 3,100 customers as of July 2020, compared to Palantir which had about 125 customers as of its last fiscal year.

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