Palantir Slips As Deutsche Bank Downgrades Over Slowing Government Business

Seeking Alpha2022-08-09

Palantir Technologies (NYSE:PLTR) shares slipped on Tuesday after investment firm Deutsche Bank downgraded the data analytics software company after it issued second-quarter results, citing concerns ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

GinC
2022-08-09
GinC
[Happy] [Happy] [Happy]
Bspn
2022-08-09
Bspn
Ok
blessed_1
2022-08-09
blessed_1
[Speechless]
Nanamoney
2022-08-09
Nanamoney
Forever slip
koots
2022-08-09
koots
Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1176730254?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-09 19:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1176730254","market":"us","top_or_hot":-1,"title":"Palantir Slips As Deutsche Bank Downgrades Over Slowing Government Business","media":"Seeking Alpha","content":"<div>\n<p>Palantir Technologies (NYSE:PLTR) shares slipped on Tuesday after investment firm Deutsche Bank downgraded the data analytics software company after it issued second-quarter results, citing concerns ...</p>\n\n<a href=\"https://seekingalpha.com/news/3869658-palantir-slips-as-deutsche-bank-downgrades-over-slowing-government-business\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Slips As Deutsche Bank Downgrades Over Slowing Government Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Slips As Deutsche Bank Downgrades Over Slowing Government Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-09 19:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3869658-palantir-slips-as-deutsche-bank-downgrades-over-slowing-government-business><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies (NYSE:PLTR) shares slipped on Tuesday after investment firm Deutsche Bank downgraded the data analytics software company after it issued second-quarter results, citing concerns ...</p>\n\n<a href=\"https://seekingalpha.com/news/3869658-palantir-slips-as-deutsche-bank-downgrades-over-slowing-government-business\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/3869658-palantir-slips-as-deutsche-bank-downgrades-over-slowing-government-business","article_id":"1176730254","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176730254","pubTimestamp":1660046335,"sourceInfo":null,"weMediaInfo":null,"summary":"Palantir Technologies (NYSE:PLTR) shares slipped on Tuesday after investment firm Deutsche Bank down","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"translate_title":"随着德意志银行因政府业务放缓而下调评级，Palantir下滑","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":0.9},"content_text":"Palantir Technologies (NYSE:PLTR) shares slipped on Tuesday after investment firm Deutsche Bank downgraded the data analytics software company after it issued second-quarter results, citing concerns about a slowdown in its government business.Analyst Brad Zelnick moved his rating on Palantir Technologies (PLTR) shares to sell from hold and put an $8 price target on the stock, noting the company does not have much going right at the current moment.\"While we've always been more skeptical of Palantir's commercial opportunity, our thesis was rooted in what we saw as a uniquely strong position in Public Sector,\" Zelnick wrote in a note to clients. \"Now with the Gov't business further decelerating off of easier compares and with diminished confidence/visibility ahead, we are left with very little to support our thesis.\"For the period ending June 30, Palantir (PLTR)said it lost an adjusted 1 cent per share, on $473M in revenue, up 26% year-over-year. Analysts were expecting the company to earn 3 cents per share on $471.72M in revenue.U.S.-based revenue came in at $290M, up 45% year-over-year, while U.S.-based government revenue grew 27% year-over-year. Palantir (PLTR) blamed the slowdown in U.S.-based government revenue on uncertainty from federal spending.Palantir (PLTR) shares fell nearly 1% to $9.74 in premarket trading.Zelnick added that with Palantir (PLTR) withdrawing its commitment to generate more than 30% revenue growth until 2025, this adds to the risk profile and there is room for \"potential Commercial weakness despite an obviously tenuous backdrop.\"Deutsche Bank has always been \"skeptical\" around Palantir's (PLTR) long-term economics Zelnick wrote, especially with concerns that it is a \"true software company\" compared to a highly skilled professional services firm with reusable intellectual property. With margins declining and difficulty monetizing the U.S. market, it looks as if Palantir (PLTR) has more questions to face about the viability of its business, the analyst explained.Lastly, Palantir (PLTR) is trading at 8 times enterprise value-to-revenue, compared to 4 times for its digital services peers and 6 times for companies in the infrastructure software space, making it expensive on a relative basis, Zelnick stated.Last week, investment firm RBC said its government spending tracker provided \"disappointing\" results going into Palantir's (PLTR)second-quarter results.Analysts are mostly cautious on Palantir (PLTR). It had an average rating of BUY from Seeking Alpha authors, while Wall Street analysts rate it a HOLD. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates PLTR a HOLD.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9904251566,"gmtCreate":1660057930957,"gmtModify":1703477417304,"author":{"id":"3567228558278395","authorId":"3567228558278395","name":"GinC","avatar":"https://static.tigerbbs.com/e4cc69cd9347bbc54a06cbaf34fc2745","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3567228558278395","idStr":"3567228558278395"},"htmlText":"[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","listText":"[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","text":"[Happy] [Happy] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904251566","repostId":1176730254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904292127,"gmtCreate":1660050028473,"gmtModify":1703477323677,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3582502134655895","idStr":"3582502134655895"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904292127","repostId":1176730254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904674495,"gmtCreate":1660047030519,"gmtModify":1703477294832,"author":{"id":"4112410321254552","authorId":"4112410321254552","name":"blessed_1","avatar":"https://community-static.tradeup.com/news/71622697830d9517eb67a61917d8a95f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"4112410321254552","idStr":"4112410321254552"},"htmlText":"[Speechless]&nbsp;","listText":"[Speechless]&nbsp;","text":"[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904674495","repostId":1176730254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904676583,"gmtCreate":1660046522444,"gmtModify":1703477289734,"author":{"id":"3582942911161794","authorId":"3582942911161794","name":"Nanamoney","avatar":"https://static.tigerbbs.com/8624e691b889b8bc4515d1884744eb5a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3582942911161794","idStr":"3582942911161794"},"htmlText":"Forever slip","listText":"Forever slip","text":"Forever slip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904676583","repostId":1176730254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904676629,"gmtCreate":1660046504964,"gmtModify":1703477289408,"author":{"id":"3582851464952803","authorId":"3582851464952803","name":"koots","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3582851464952803","idStr":"3582851464952803"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904676629","repostId":1176730254,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":60,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1176730254"}