2024-02-06 07:15:00 ET
Summary
- Palantir Technologies stock soared after hours after posting Q4 results and 2024 guidance that exceeded market expectations.
- However, I think that the market and PLTR management are irrationally exuberant about the business.
- I detail why PLTR stock is likely going to disappoint investors over the coming four years.
Palantir Technologies (PLTR) stock soared after hours following posting its Q4 results and 2024 guidance that clearly exceeded market expectations. As I write this, the stock is up by 17.28%. Clearly, there must have been blowout results and guidance, right? Unfortunately, I cannot seem to find anything in the numbers to justify this sort of market response - especially given the already bloated valuation - other than some enthusiastic cheerleading from the company's CEO Alex Karp....
Read the full article on Seeking Alpha
For further details see:
Palantir Technologies Stock: Irrational Exuberance