Can Palantir's Sizzling Growth Win Over Market Bears? Palantir, the data analytics giant, faces growing skepticism about its high flying growth amidst a market increasingly wary of overvalued stocks.
Despite generating $1. 6 billion in revenue for the first quarter, with an 85% year over year gain, Palantir's shares have tumbled 31% this year. The company's aggressive second quarter sales forecast of $1.
8 billion, representing an 80% increase, has failed to stem the bleeding. One reason for the bearish sentiment is Palantir's valuation.