Sentiment: Positive
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Trump Backs Palantir (PLTR) Stock, But Wall Street Isn’t Convinced
By Trader Edge at 2026-05-09 10:47
Sentiment: Positive
TLDR Trump publicly praised Palantir’s “war fighting capabilities,” boosting sentiment but not enough to offset valuation concerns. PLTR is down 18% year-to-date, trading at a P/E ratio of over 231, with a 200-day moving average of $164.55. Q4 earnings beat estimates: $0.25 EPS vs. $0.23 expected, with revenue of $1.41B — up 70% year-over-year. Institutional [...] The post Trump Backs Palantir (PLTR) Stock, But Wall Street Isn’t Convinced appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central