Palantir stock fell sharply, down 5.44% today: Why is PLTR shares falling again despite strong AI demand — some say they still don’t know what the company actually does
Palantir stock fell again today, and the drop came fast. The price hit $174.16. The fall was 5.44%. The stock opened higher at $181.72. It touched $182.70. It then slid to $173.54. The valuation stayed heavy with a 407 P/E. The market cap stood at $416.34 billion. The fall came even after a strong Q3. Revenue jumped to $1.181 billion. The growth was 63%. The beat was nearly 10%. Operating income was $601 million. Free cash flow was $540 million. U.S. Commercial surged 121%. Europe stayed flat. Guidance moved higher. Analysts still worried about the valuation. Some raised targets. Some held cautious views. New AI deals added buzz. But Palantir stock stayed volatile.
Palantir stock fell again today, and the drop came fast. The price hit $174.16. The fall was 5.44%. The stock opened higher at $181.72. It touched $182.70. It then slid to $173.54. The valuation stayed heavy with a 407 P/E. The market cap stood at $416.34 billion. The fall came even after a strong Q3. Revenue jumped to $1.181 billion. The growth was 63%. The beat was nearly 10%. Operating income was $601 million. Free cash flow was $540 million. U.S. Commercial surged 121%. Europe stayed flat. Guidance moved higher. Analysts still worried about the valuation. Some raised targets. Some held cautious views. New AI deals added buzz. But Palantir stock stayed volatile.
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