Palantir stock has gained over 140% this year, with optimistic outlook ahead of Q3 report

From Stocktwits: 2024-11-03 22:52:16

Palantir Technologies, Inc. has seen a 144% surge in stock price this year, making it the third best-performing S&P 500 stock. The data analytics company, led by Alex Karp, is set to release its third-quarter results on Monday, with analysts expecting EPS of $0.09 and revenue of $705.11 million. Palantir’s U.S. commercial revenue is projected to grow by at least 47%, driving optimism among investors. Despite a stretched valuation and a forward P/E ratio of 102.04, the stock ended Friday’s session at $41.92, with some users on Stocktwits anticipating further gains following the earnings report.



Read more at Stocktwits: Palantir Q3 Report On Tap Monday As Stock Trades With Over 140% Gain For Year: Retail Mostly Upbeat