Add as a preferred source on GooglePalantir Shares Fall 10% in Five Days as Valuation Views Diverge
The decline came despite third-quarter results and higher guidance. The valuation discussion cited 63 times trailing revenue and a forward price-earnings-to-growth ratio of 1.06.
Palantir Technologies Inc. (PLTR) shares fell 10% over five days by 1:43 p.m. ET Wednesday, Nov. 4 (18:43 UTC), despite the company’s third-quarter results and higher guidance.
The valuation discussion presented opposing readings of the stock. Cited measures included about 63 times trailing revenue and a forward price-earnings-to-growth ratio of 1.06. Forecast earnings growth and operating leverage also featured in the discussion.
Fourth-quarter guidance implies Palantir’s first growth-rate slowdown in more than three years. Quarterly deal total contract value rose 6% year over year.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.