Jul 28 at 08:58 AM
$Palantir Tech(PLTR.US) Oppenheimer says that Palantir is predicted to produce better than expected results come next week during earnings. The firm forecasts sales to be up around 85% from a year ago, over Palantir's guidance for growth of about 79%. It also expects the company to improve its full-year outlook above its existing outlook for sales growth of 71%. Oppenheimer said business with the U.S. government remains the biggest source of growth. It is benefiting from increased spending by the Department of Homeland Security and growing activity across a number of U.S. military services and combatant commands. The company forecasts more tepid growth in foreign government as certain European allies examine other providers. However, I think we have seen enough from other companies that even when they churn out better earnings, the stock drops regardless due to the massive outflow of capital from hardware and chip stocks. Hence, I am not having high expectations. @Captain's Treasure
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