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Prediction: Palantir's Stock Will Make a Huge Move on Aug. 3

General NASDAQ Stock Market ✦ xCruzo 🇺🇸🇪🇸
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Prediction: Palantir's Stock Will Make a Huge Move on Aug. 3
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Palantir (NASDAQ: PLTR) has been sliding since reaching an all-time high in October, and the article frames the drop—about 35% from that peak—as a potential setup ahead of its next earnings report on Aug. 3. The author argues Palantir should benefit from continued AI expansion, citing strong results: revenue rose 85% year over year in Q1. For Q2, the company guided $1.797 billion to $1.801 billion, while Wall Street analysts expect about $1.81 billion, which the piece characterizes as the market still not fully recognizing Palantir’s trend of exceeding internal expectations. It warns valuation remains a key risk, noting the stock trades at roughly a 40 times earnings multiple, implying earnings would need to nearly quadruple for a more reasonable valuation. The prediction concludes the shares could move sharply after Q2 earnings, possibly down if growth falls short.

xCruzo quick-read summary • Source: NASDAQ Stock Market • Read the full article for complete information.
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