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Technology Stocks : Palantir Technologies Inc PLTR:NYSE
PLTR 207.44+3.5%Nov 3 3:59 PM EST

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From: Don Green8/8/2022 10:59:17 AM
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Palantir Stock Falls Flat On Expectations

Aug. 08, 2022 10:45 AM ET Palantir Technologies Inc. (PLTR) 1

SummaryPalantir's Q2 2022 earnings were not what investors had hoped to see.Even though PLTR stock is down more than 50% over the past year and expectations going into this earnings report were relatively low, its guidance still disappointed investors.Palantir is priced at 12x forward sales. This doesn't strike me as an attractive valuation for a business that struggles to forecast more than 90 days out.
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