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With the broader markets trading close to all-time highs, the ongoing earnings season is extremely crucial for stocks priced at a premium. If tech stocks trading at elevated valuations are unable to deliver strong earnings growth, share prices will likely experience a steep pullback in the near term.
One such tech stock that faces particularly high stakes this season is Palantir (PLTR), which is scheduled to report its Q3 earnings after the close on Monday, Nov. 4. Let’s see if PLTR stock is a good buy ahead of its Q3 results.