Palantir Grew Revenue 96%. The Stock Fell 5%. Here's What I'm Doing.
Palantir (NASDAQ: PLTR) reported very strong earnings once again on Nov. 2. The highlight of the release was its accelerating 96% revenue growth. However, the market didn't love the results, and the stock sold off more than 10% in the days following earnings. The stock has rebounded some, but recently was still down 5% from its price before earnings were released. Overall, Palantir is down around 20% from its all-time high, so some investors may be viewing this as a buying opportunity. But what am I doing? I'm still staying patient. Palantir is a great business that's growing remarkably fast, but there's one huge holdup that keeps me from purchasing shares, and it could be some time before I decide to open a position. Continue reading