https://www.cnbc.com/2022/05/09/palantir-stock-down-15percent-in-premarket-on-earnings-miss.html
Anything Cathy wood touches is crap
Seems like a real overreaction. The main miss was their somewhat lower Q2 guidance, and they basically said in the earnings call that they’re doing a lot of work involving the Ukraine situation on an emergency basis, and don’t yet have firm enough estimates of what they’ll be paid to include that work in their Q2 guidance
Good time to buy?
All good, government probably will just keep pumping money to keep them on track with the projects, especially during geopolitical crisis like this
They're almost 20 years old and no profits in sight. Hard to justify their valuation.
There a ton of profit in sight. Wall street consensus estimate is that 2023 turns a profit
Trading below IPO price now
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