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MarketBeat
Business
Chris Markoch

Palantir’s Perfect 10: Blowout Earnings Spark a New Bull Case

Just in time for the upcoming Winter Olympic Games, Palantir Technologies Inc. (NASDAQ: PLTR) delivered an earnings report that would be considered a gold medal performance. Palantir delivered a perfect 10, as in 10 consecutive years of accelerating revenue growth.

Continuing the perfect 10 theme, PLTR stock jumped by more than 10% when the market opened the day after the report. The stock was up even more than that in the premarket. The stock has pulled back some as of this writing, but the blowout report was exactly what retail investors needed to see after the stock had dropped over 22% in the last three months.

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