Prediction: Palantir's Stock Will Make a Huge Move on Aug. 3
Palantir's next earnings report could make or break its current valuation level.
Overview
Palantir (NASDAQ: PLTR) has been on a steady downward slide since achieving an all-time high in October of last year. It recently dipped around 35% from its all-time high, which many investors may view as a buying opportunity.
After all, Palantir is one of the companies bound to benefit from the massive expansion of artificial intelligence (AI), and its soaring revenue backs up that sentiment.
Details
Palantir is slated to report its second-quarter results on Aug. 3, and I think the stock could have a huge move after earnings. But the question is, will it be up or down?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.