Palantir Technologies' (NYSE: PLTR) stock skyrocketed 31% on Feb. 6 after the company released its fourth-quarter earnings report. The analytics software specialist's revenue rose 20% year over year to $608 million and exceeded analysts' estimates by $6 million. Its adjusted net income surged 98% to $190 million, or $0.08 per share, and matched the consensus forecast.
Those headline numbers looked healthy, but Palantir's stock remains 44% below its all-time high from January 2021. Is it finally safe to bet on a longer-term turnaround?
Image source: Getty Images.
Source Fool.com