Palantir Technologies (PLTR) Stock Price Closes Flat after Touching 52-week High; Results on November 4
Palantir Technologies stock price closed almost flat on Monday. Palantir opened the trading session at $43.72 and touched 52-week high of $44.39 before closing the session almost flat at $43.40. The stock is hovering around its 52-week and many market analysts believe that Palatir could soon touch all-time high for the counter. Palantir has offered impressive returns to long term investors during the last few quarters.
As the company started reporting profits, the stock price has not looked back at the lows seen during December 2022. The lowest closing price for Palantir Technologies (PLTR) all-time was $6, on December 27, 2022.
Compared to low price of $6, Palantir has recovered smartly. Many market participants were considering Palantir as a stock that could never recover but the management has proven them wrong. The stock has witnessed a strong performance as AI hype and better results have changed the outlook for the company.
Quarterly Results on November 4
Palantir Technologies Inc. (NYSE: PLTR) has officially announced the release date for its third quarter (Q3) 2024 earnings report. Investors and stakeholders can expect the results on Monday, November 4, 2024, following the close of U.S. financial markets. To provide further clarity on the company's financial performance, Palantir will hold a webcast at 3:00 PM MT / 5:00 PM ET on the same day. The event will offer shareholders the opportunity to engage directly, with options to pre-register and submit questions.
Anticipation in the Market: With expectations of the company’s growth trajectory, this earnings report is critical for assessing Palantir's ongoing business strategy, partnerships, and its success in key sectors such as defense and artificial intelligence.
Webcast to Discuss Results
Interactive Discussion: To accompany the earnings release, Palantir will host a **webcast at 3:00 PM MT / 5:00 PM ET**. This session will provide real-time insights into the company’s quarterly performance, as well as management’s outlook on the business’s future growth areas.