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Palantir Increased Its Guidance, but Investors Are Selling. Is It Time to Buy the Stock?

TheMotleyFool

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Palantir Increased Its Guidance, but Investors Are Selling. Is It Time to Buy the Stock?: https://g.foolcdn.com/editorial/images/776243/gettyimages-1361008768.jpg

Shares of Palantir Technologies (NYSE: PLTR) dropped 8% despite the company reporting solid first-quarter results and increasing its full-year guidance.

Let's look at the company's quarterly results, why the stock is falling, and whether this is a buying opportunity for long-term investors.

Palantir reported strong first-quarter results, with revenue growing 21% to $634 million. That marked its third consecutive quarter of accelerating revenue growth. Its revenue growth bottomed at 13% in the second quarter of 2023, before accelerating to 17% in Q3 and 20% in Q4 last year.

Source Fool.com

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