Palantir Crushes Earnings in Q2. Is the Stock Heading Back to $200?
The analytics company posted 93% revenue growth last quarter, which was an acceleration from the previous period.
Overview
I don't know how Palantir Technologies (NASDAQ: PLTR) does it. When its growth rate reaches new heights, it somehow finds another lever to pull on and hits a new high. That's exactly what it did in the second quarter, as the company posted an astounding revenue figure nearly double what it posted a year ago.
All the key metrics were impressive for the company in the second quarter, as Palantir continues to dominate in artificial intelligence (AI) and be a trusted partner of the U.S. government. The results were strong, but don't forget, Palantir's stock is also expensive. It's been rallying since the numbers came out, but does it have enough to get back to $200? Let's take a look.
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Originally published at www.fool.com.