Palantir stock falls 19% as Wall Street spots a warning in contracts
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Palantir Technologies Inc. (PLTR, Financials) is down approximately 19% from a record closing in October, however the business is still posting fast sales growth. Shares finished Tuesday at $168.82, down from their Oct. 9 high of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishContract growth slowed sharply despite strong revenue growth and a raised full-year guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shares closed at $168.82, down from the October 9 high of $209.05.
- 02Third-quarter sales rose 96% to $2.31 billion, driven by AI software demand.
- 03Total contract value rose only 6% year over year, versus 49% last quarter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets