Palantir stock falls amid valuation concerns despite Q4 outlook beating Wall Street estimates
Palantir (PLTR) stock fell Tuesday as Wall Street analysts debated whether its latest solid earnings report justified its soaring valuation.
Shares fell over as much as 10% in early Tuesday trading, erasing the 7% jump that came in the immediate wake of the report.
Palantir’s fourth quarter guidance came in above Wall Street’s expectations Monday after the bell despite some analyst concerns over the impact from the ongoing US government shutdown.
Palantir said it foresees revenue of just over $1.3 billion for the fourth quarter, ahead of the $1.2 billion projected by Wall Street analysts tracked by Bloomberg. The defense tech firm expects to see an adjusted operating income between $695 million and $699 million for the…
