Negative Sentiment on Palantir Valuation Despite Strong Fundamentals

3 months ago

Critty Gupta

"Yeah, a fascinating one here because this really proves the idea that sometimes being an A++ student just isn't enough. And that's the story with Palantir this morning. Strong bookings, strong profit, strong guidance going into the next year. And yet the stock is quite literally driving down not only the gains that you're seeing in the futures picture, but kind of bleeding into some of the sentiment across the board when it comes to those heavyweight tech stocks. So Palantir shares down 7.4% this morning. $191 a share. Uh we'll call it 192 just to round up. PLTR is your ticker. You're starting to see a lot of the street use that scary word valuation. This idea that you've just seen the stock rally, but 150% year to date. So there's a big question here of whether this is just time to come back down to earth and that's something that's bleeding into really the entire market this morning."

Despite strong performance metrics, the commentary suggests that Palantir's high valuation might be unsustainable, as evidenced by a significant drop in its stock price.

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