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Palantir's stock price fell after it reported second-quarter earnings, partly because the valuation was already rich.
Fool.com contributor Parkev Tatevosian evaluates Palantir's (PLTR -1.56%) latest financial figures and discusses why he feels the stock is too expensive.
*Stock prices used were the afternoon prices of Aug. 7, 2023. The video was published on Aug. 9, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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