Palantir Rally Faces Hurdles After Strong Q2 Beat
TL;DR Summary
Palantir stock rose early after Q2 revenue jumped 93% year-over-year to $1.94 billion with adjusted EPS of $0.41, topping estimates; DA Davidson lifted its price target from $175 to $200 citing AI-driven advantages and strong US client growth (38 of 44 new customers). The move cooled later, with the stock trading in overbought territory (RSI ~72) and eyes on resistance around $163.50 and support near $148 as the long-term trend remains under repair. Bearish bets from Michael Burry persist.
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