Palantir PLTR earnings came in significantly below expectations, missing by >44.5% while revenue was slightly above projection, beating estimates by nearly $3 mil (+0.66%).
The market immediately reacted with PLTR losing > -27%.
Risk-off environment. Unprofitable, risk-on tech-oriented speculative equities are being punished in a tightening fiscal environment.
Current trend, down 84% from ATH in Jan 2021. Next fib below current price & ATH is 0.118, giving a PT of $2.87 at next earnings.