Palantir stock falls after earnings, raises revenue forecast

Yahoo Finance Video
1 年前

Palantir's (PLTR) second quarter results were in line with analyst estimates. The company also raised its revenue forecast and announced a $1 billion stock buyback plan. Miller Tabak Managing Director and Equity Strategist Matt Maley says he likes the stock on a longer-term basis because of Palantir's contracts with the U.S. government. However, near-term, Maley says people are "calming down a little bit more about the AI, the froth around AI, maybe needs to calm down a little bit more, and that's something I think that's going to cause some serious problems for the company."