Looking at earnings and growth government sector is still declining and for commercial although growing by 30% the previous qtr growth of 70% set the bar too high.
For me this is expected after many boot camps there is going to be an initial rush with new customers on boarding but this will level after some time. Given current sentiment palantir joins several others who's Stock have run high and only flawless earnings would have guaranteed no partial sell off (aka smci, amd, sofi,...) especially given high valuation.
What disturbs me a little for palantir earnings are two analysts (bush, Citibank) declaring just before earnings that result should be good. Peculiar timing and I feel for those who bought at 25,- before it plummeted.
Modify on 2024-05-07 20:08
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- BirdieO·05-08It's unfortunate for those who bought at a higher price and saw it drop.LikeReport