Palantir slides despite third quarter beat

Financial Performance - Palantir's earnings and revenue exceeded expectations, leading to an increase in current quarter and full-year revenue guidance [1] - Palantir experienced a 121% year-over-year surge in commercial revenue [5] - Total customer accounts increased by 45% year-over-year [6] - New deals with contract sizes over $10 million were up three times [6] Market Dynamics & Analyst Views - Despite a solid report, Palantir's stock fell by approximately 75% [1] - Morgan Stanley raised its price target for Palantir from $15 to $25 per share, citing a strong fundamental story in software [4] - Canaccord Genuity maintained a neutral rating on Palantir due to valuation concerns, while acknowledging the growth in its artificial intelligence platform [4] - Palantir is currently the most expensive company in terms of price-to-sales ratios in the software sector [5] Strategic Focus & Challenges - Palantir's CEO addressed short sellers, including Scion's Michael Burry, who had bets against the company [2][3] - Palantir's CEO emphasized the company's success with boot camps, which are helping train clients on how to use its technology in real-time, leading to faster AI adoption [5] - Growth in Europe was described as stagnant [7]