Palantir Technologies (NYSE: PLTR) continues to ride a wave of investor enthusiasm, reporting strong first-quarter results that have kept the bullish narrative alive. The company posted Q1 revenue of $884 million, representing an impressive 39% year-over-year increase and coming in above analyst expectations. Adjusted earnings per share (EPS) rose to 13 cents, up from 8 cents a year ago— in line with Wall Street estimates. As the stock trades near its 52-week high of $133.49—hitting an intraday peak today of $133.49—it’s clear the market has priced in a lot of optimism. Palantir Technologies Inc. (PLTR) At the time of writing, PLTR is trading around $129.50, a massive climb from its 52-week low of $20.63. That’s a staggering increase in less than a year—an extraordinary rally by any measur
Sky-High Valuation, Keep Soaring: Will Palantir Bubble Burst Some Day?
The company reported first-quarter revenue of $884 million, up 39% year-over-year and above the analyst consensus. Adjusted earnings per share of 13 cents, rose from 8 cents per share a year earlier, in line with Wall Street’s estimates. Investors may have been looking for more, after the AI darling posted blowout results in February and November. ----------- After Palantir rising so much this year, will the stock begin to pull back given high valuations? Or good time to add? What's your target price for Palantir?
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