Palantir Technologies shares rocketed higher Tuesday after earnings results comfortably beat expectations. Many analysts are wary the analytics software provider is overvalued.

Normally, one would expect a growth company like Palantir Technologies to experience a bit of a decline in its growth rate over time, as maintaining a high relative growth rate becomes harder and harder as a company grows. The fact that PLTR is ...

In today's session, PLTR is trading more than 14% higher ahead of the bell, as Wall Street cheers the company's third-quarter (Q3) earnings report. In fact, outspoken CEO Alex Karp kicked off the company's earnings call by saying, “Given how strong our results are, I almost feel like we should just go home.”

Palantir Technologies (NYSE: PLTR) Q3 2024 Earnings Call Nov 04, 2024, 5:00 p.m. ET

Shares of Palantir (PLTR) rose over 20% on Tuesday morning after the data analytics software platform reported third quarter earnings and outlook far above Wall Street’s expectations.