AlphaKK
2022-05-18
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$Palantir Technologies Inc.(PLTR)$

The stock had plunged to an all time low in February shortly after its fourth quarter results which disappointed the market and the stock price dropped 25%.

Those results showed revenues had risen 34% year on year but it was the losses that disappointed the market - an operating loss of $59m leaving earnings per share at 2 cents where the analysts had been hoping for 4 cents.

For the full year its net loss was $156.19m although total revenue grew 41% year-on-year to $1.54bn.

The 9 analysts offering 12-month price forecasts for Palantir Technologies Inc have a median target of 11.00, with a high estimate of 16.00 and a low estimate of 6.00. The median estimate represents a +31.74% increase from the last price of 8.35.

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