Short
Market Punishing Palantir
Palantir 
PLTR earnings came in significantly below expectations, missing by >44.5% while revenue was slightly above projection, beating estimates by nearly $3 mil (+0.66%).
The market immediately reacted with PLTR losing > -27%.
Risk-off environment. Unprofitable, risk-on tech-oriented speculative equities are being punished in a tightening fiscal environment.
Current trend, down 84% from ATH in Jan 2021. Next fib below current price & ATH is 0.118, giving a PT of $2.87 at next earnings.
PLTR earnings came in significantly below expectations, missing by >44.5% while revenue was slightly above projection, beating estimates by nearly $3 mil (+0.66%). The market immediately reacted with PLTR losing > -27%.
Risk-off environment. Unprofitable, risk-on tech-oriented speculative equities are being punished in a tightening fiscal environment.
Current trend, down 84% from ATH in Jan 2021. Next fib below current price & ATH is 0.118, giving a PT of $2.87 at next earnings.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.