Is Palantir Stock Set for Another Post-Earnings Surge?

Valued at a market cap of $48.6 billion, Palantir (PLTR) stock has delivered spectacular returns in recent months, and is up more than 184% in the last year. Despite its outsized gains, the tech stock trades 44% below all-time highs, and analysts remain largely skeptical ahead of its upcoming earnings report. 

After its February earnings report, the stock spiked 30% in a single session after reporting in-line earnings, and slightly higher-than-forecast revenue. With the government contractor set to report its March quarter results after the close next Monday, May 6, let’s see if Palantir stock is worth holding in your equity portfolio right now.