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Palantir Stock Slips Despite Q1 Revenue Beat, Guidance Boost
Schaeffers Investment Research· 2025-05-06 13:15
Core Viewpoint - Palantir Technologies Inc reported better-than-expected revenue but faces stock price pressure due to various concerns, including customer growth and valuation headwinds [1] Financial Performance - The company posted first-quarter revenue of $884 million, exceeding estimates of $863 million [1] - Adjusted earnings were 13 cents per share, matching forecasts [1] Stock Performance - Shares are down 8.3% to $113.56 before the market opens, despite recent gains [1] - The stock has finished higher in eight of the last ten sessions and approached an all-time high of $125.41 [2] - Today's decline puts the stock below recent support at the $110 level, reducing its year-to-date gain to 63.7% [2] Analyst Reactions - At least five analysts raised their price targets following the earnings report, with Wedbush increasing its forecast from $120 to $140 [3] - The average 12-month price target for PLTR stands at $97.05, indicating a 21.6% discount to the last closing price [3]