Palantir Stock Plummets 15% as First Quarter Earnings Disappoint Investors from imo stock yahoo Watch Video
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⏲ Duration: 0:35 👁 View: 320K times ✓ Published: 09-May-2024
Description: Palantir's stock has risen significantly in the past year, but its first-quarter earnings did not meet investors' expectations, causing a 15% drop in stock price. However, analyst Daniel Ives sees this as a good opportunity to invest in Palantir's AI platform, which is performing well. With a growing client base and shorter sales cycles, Palantir is expected to continue its growth trajectory. Ives has given the company an Outperform rating and a $35 price target, while other colleagues have a more cautious outlook.