“Palantir Stock Surges in Pre-Market After Crushing Earnings Estimates, Boosting Nasdaq 100 and Tech Stock Forecasts Across Us Indiches.”, – WRITE: www.fxempire.com
Profitability Soars, Guidance Raised Aggressively Net Profit Doubled to $ 326.7 Million, with Eps at $ 0.16 Versus the $ 0.14 Estimate. The Company Raced ITS Full-Year Revenue Forecast to $ 4.14– $ 4.15 Billion and Lifted Us Commercial Revenue Guidance to $ 1.3 Billion, Implying at Least 85% Growth.
Palantir is now the most expensive stock in the S&P 500 On An Earnings Basis, Trading at A P/E Ratio Exceeding 1000X. Despite Valuation Conceerns, The Profit Ramp Suggests Operation Leverage Is Taking Hold.
Market Outlook: Bullish Momentum with Elevated Valuation Risk Palantir’s Q2 Performance Supports a Bullish Near-Term View. Explosive Growth, Massive Federal Contracts, and Expanding Margins Are Fueling Momentum. Nasdaq Futures Confirming Strength Reinforces Sentiment.
Still, Valuation Remains a Key Risk. Traders Should Monitor for Signs of Deceleration – But For Now, The Trend Favors Continued Upside.
More Information in Our Economic Calendar.