VSTA vs. PLTR: Which Stock Is the Better Value Option?
Palantir's (NYSE: PLTR) stock price tumbled 14% on Aug. 8 after the data mining firm posted its second-quarter earnings report. Its revenue rose 26% year over year to $473 million, which exceeded analysts' estimates by about $1 million but represented its slowest quarterly growth rate since its public debut in 2020.
A day after shares of Palantir Technologies (NYSE: PLTR) plunged due to a disappointing quarter, analysts aren't giving investors much reason to get excited. Shares of Palantir are down another 6% on Tuesday as Wall Street adjusts expectations for the remainder of the year. On Monday, data analytics company Palantir reported revenue up 26% but its loss of $0.09 per share in the quarter was worse than analysts had expected.