5 Reasons to Buy Palantir After Its Post-Earnings Plunge
Palantir's (NYSE: PLTR) stock recently plunged after the data analytics firm posted mixed fourth-quarter numbers. Its revenue rose 40% year over year to $322.1 million, beating estimates by $21 million. But its net loss only narrowed slightly from $159.3 million to $148.3 million, or $0.08 per share, which missed the projected profit of $0.02 per share. Its forecast for "greater than 30%" revenue growth in 2021 met expectations for 31% growth, but investors seemed to expect even higher numbers.
Those two red flags -- along with Palantir's high valuation and its upcoming lock-up expiration -- likely sparked the sell-off following the stock's meteoric rise over the past four months. Investors who missed those gains, however, should consider buying this dip for five simple reasons.
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Source Fool.com
