From Yahoo Finance: 2024-05-10 19:59:44

Palantir stock (NYSE:PLTR) dropped by 16% following its Q1 earnings report, showing solid revenue growth and profitability metrics but concerns over valuation. Government segment revenue grew 16%, driven by domestic and international expansion. The U.S. Army contract worth $178.4 million is a significant milestone. Commercial segment revenue surged with 41 net new clients in Q1. Operating margin increased to 36%, leading to improved profitability metrics. Analyst sentiment remains bearish with a Moderate Sell consensus rating. While long-term prospects are promising, caution is advised due to elevated valuation.



Read more at Yahoo Finance: Should You Buy the Post-Earnings Dip?