TipRanks
Palantir Profitable at Present, but Future Feels Flimsy
One would think that companies that specialize in data analytics and optimization could make appropriate decisions to satiate their shareholders. A firm with intelligent and novel software, Palantir Technologies Inc. (PLTR), has yet to see its share price break out of its sideways trading pattern, even after reporting better-than-expected earnings results last week. The firm serves several of the world’s largest companies, governmental institutions, and banks, but it can’t seem to serve itself.