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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Palantir Stock?

Palantir Palantir Technologies Inc PLTR Technologies Citron Growth Momentum Value
Palantir,Technologies,Japan,Logo,,Tokyo,,Japan,2024,Sep.15

Shares of Palantir Technologies Inc (NASDAQ:PLTR) continue to face selling pressure following an AI-powered rally in recent months. Here’s a look at what’s going on.

What Happened: Palantir stock hit all-time highs in early August following a strong second-quarter earnings report. The company beat estimates on the top and bottom lines, reporting revenue of $1.004 billion versus estimates of $939.71 million, and adjusted earnings per share of 16 cents versus estimates of 14 cents.

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