$Palantir Technologies Inc.(PLTR)$ I think the drop in share price gave institutions that were previously on the sidelines another chance to get in. In fact, the forward P/E dropped to a much more reasonable level for a growth SaaS stock. And with earnings just 3 weeks away, I’d bet they match their previous quarter’s 70% growth. Will it help push the share price even higher? Ultimately yes, even if not as quickly as we might hope.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments