Is It Time to Buy Palantir on the Dip as Revenue Continues to Accelerate?

Palantir Technologies (NASDAQ: PLTR) once again showed why it is one of the foremost artificial intelligence (AI) growth stocks when it reported its Q3 results, but the stock sank largely because of its high valuation.Even after the drop in price, the stock is still up more than 150% on the year, and more than 350% over the past 12 months. Let's take a closer look at the company's earnings report to see if this could be a good buying opportunity.For the ninth straight quarter, Palantir's quarterly revenue growth accelerated. During this stretch, its year-over-year growth has gone from 13% in 2023's Q2 to 63% last quarter. Its Q3 revenue of $1.18 billion also crushed management's earlier guidance for revenue of between $1.083 billion to $1.087 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool