$PLTR might go up to $57 after Q3 FY24 Earnings report?
PLTR Palantir soared over 14.2% after Q3 FY24 earnings report:• Net dollar retention 118% (+11pp Y/Y).
• Customers +39% Y/Y to 629.
• Revenue +30% Y/Y to 726M (22M beat).
• Non-GAAP EPS $0.10 ($0.01 beat)
. FY24 guidance:
• Revenue +26% Y/Y to 2.807B (+61M).
• Adjusted margin 38% (+3pp).
It will probably break above the resistance of previous high today.
But where will the price rise to?
To answer this question, we make comparisons with previous gap up candles which has broken above an important resistance level.
In Feb 05, it soared over 30% after Q3 FY23 earnings reports, and after that, it went up for another 25%.
In Sep 09,
PLTR soars over 14% toward record highs as the stock is set to be added to the S&P 500. And after that, it has risen for another 30%.Therefore, it might go up to 57 if it break above the resistance of previous high today, according to similar historical price actions.
what's your opinion?
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