StopHunter
05-07
Oops!! $Palantir Technologies Inc.(PLTR)$
- Analysts still bullish despite earnings and 15% price sell off (see attached chart).

Financial Performance Highlights:

- Revenue: Palantir reported Q1 revenue of $883.9 million, marking a 39% year-over-year increase and surpassing analyst expectations.
- Earnings: Adjusted earnings per share came in at $0.13, aligning with consensus estimates.
- Guidance: The company raised its full-year revenue forecast to a range of $3.89–$3.90 billion, up from the previous estimate of $3.74–$3.76 billion.

Factors Contributing to the Stock Decline
- High Valuation Concerns: Despite robust financial results, investors expressed concerns over Palantir's high valuation. The company's forward price-to-earnings (P/E) ratio stands at 148x, significantly higher than industry peers.
- Investor Expectations: Palantir's stock had surged over 400% in the past year, leading to elevated investor expectations. The Q1 results, while strong, may not have met these heightened expectations, prompting a sell-off.
- International Revenue Slowdown: Analysts noted a slowdown in international commercial revenue growth, raising concerns about the company's ability to sustain its rapid expansion globally.
- Profit-Taking: Given the substantial stock appreciation over the past year, some investors may have opted to take profits, contributing to the stock's decline.

Technical Analysis:
Has to get past and hold the 0.618% Fibonacci line at $110 - $111 area where most likely the 200 moving average will meet it if it wants to get back bullish. Then if highs regained and broken then $135, $140 are the next big upside targets. Key area trading in currently for support - if fails $102 - $100 the next downsides.

If you’d like to find out more about what I do, Renko charts etc then check these out:

📘 My new book available from my bookstore: Renko Chart Trading Revolution — the foundation behind this forecast : THE STOP HUNTER BOOKSTORE

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Good luck with the trading!

Stephen
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

  • Enid Bertha
    05-08
    Enid Bertha
    A Revolutionary Software Company with the most Forward Thinking Genius of a CEO, over 5 Billion in cash, No debt to speak of and Market Dominance a decade ahead of the competition.
  • Valerie Archibald
    05-08
    Valerie Archibald
    P/E could go to 1,000. That would be huge for palantards. Revenue growing at a whopping 30% . I'm going to be so so rich
  • jollyfo
    05-07
    jollyfo
    Interesting analysis
  • doozi
    05-07
    doozi
    Interesting indeed
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