11/12/2023 0 Comments Playon alternative![]() ![]() This could be seen as very bullish, as this could indicate that the company believes it is currently undervalued. ![]() This could indicate that they don’t see any opportunities to deploy capital in operations or new business. As PLTR is still considered a growth company, it is quite odd that they decide to buy back shares. Nonetheless, PLTR might have been better off using this money elsewhere to grow its business. Given the significant SBC dilution PLTR is notorious for, it is good to see that they will be able to somewhat offset this with the authorized buyback. In addition, share buybacks are loved by Wall Street and this makes investors believe that the stock is cheap at the current level, due to the company indicating that they are willing to buy in case the shares drop. This doesn’t mean that they have to do it right now, if the stock would drop significantly, that’s probably when they will decide to start being back shares. This means that the company can do $1B in buybacks whenever they see fit. To be completely honest, I don’t know what to think about the $1B authorized buyback.Īpparently, some people do not completely understand what this means. In addition, management has guided that they fully expect to be eligible for inclusion by EOY. That said, the stock is now up 3% after hours after earnings came in line of expectations, but with the company raising full-year guidance.įurthermore, the company is on pace for S&P inclusion in Q3, with PLTR now being one quarter away from GAAP profitability. Palantir’s earnings were in-line with expectations, while market makers initially expected a volatile swing in the stock price.ĭue to the recent explosive stock price rise, with Palantir being up over 137% since May, many people were of the opinion that PLTR had to report extraordinary earnings to not make the stock fall by over 10%. As many of you are aware Palantir ( NYSE: PLTR) is a serious battleground stock with both bulls and bears making solid points regarding the valuation of PLTR stock. ![]()
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