Overview
- Palantir reported third-quarter revenue up 63% year over year, with U.S. commercial sales jumping 120%.
- Total contract value reached a record $2.76 billion, up 150% from a year earlier, and the company closed 204 deals worth at least $1 million.
- Despite the strong report, the stock fell after the Nov. 3 release, slipping about 11% over the following four days, according to the coverage.
- The shares trade at a rich valuation, cited at a price-to-sales ratio of 137, raising questions about near-term upside.
- An investor putting $100 into Palantir one year ago would have a position worth just over $300 today, reflecting a roughly 205% gain.