Is Palantir's 28% Stock Price Explosion Since Earnings Justified?

By Parkev Tatevosian, CFA – Nov 10, 2023 at 8:00AM

NYSE: PLTR

Palantir Technologies

Market Cap

$48B

Today's Change

(-0.64%) -$0.14

Current Price

$21.62

Price as of May 20, 2024, 4:00 p.m. ET

Palantir reported excellent results in the third quarter, but some investors suggest the market overreacted to the good news.

Fool.com contributor Parkev Tatevosian reviews the factors that led to a surge in Palantir's (PLTR -0.64%) stock price following its earnings announcement.

*Stock prices used were the afternoon prices of Nov. 7, 2023. The video was published on Nov. 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.