Palantir Disappoints Investors Despite Raised Outlook
Tap title to read story
Palantir Technologies (PLTR) reported better-than-expected first-quarter revenue ($884 million, up 39% year-over-year) but in-line earnings, disappointing investors. Shares dropped over 9% in after-hours trading despite a raised full-year outlook. The stock, previously boosted by AI optimism, may be forming a double top pattern, with key support levels at $97, $83, and $66, and resistance near $125.
Palantir Technologies (PLTR) reported better-than-expected first-quarter revenue ($884 million, up 39% year-over-year) but in-line earnings, disappointing investors. Shares dropped over 9% in after-hours trading despite a raised full-year outlook. The stock, previously boosted by AI optimism, may be forming a double top pattern, with key support levels at $97, $83, and $66, and resistance near $125.
More context
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
