"A meme worthy interview wtih CEO Alex Karp wielding a sword during captured the attention of retail investors already primed by Palantir's blowout Q3 earnings. In that Q3 release the company reported an impressive $1.2B in revenue. That not only beat estimates, it delivered on an enviable 'Rule of 40' score of 114%. More on that in a moment. U.S. commercial revenue surged 121% year-over-year, and total contract value jumped 151% to $2.76B, signaling accelerating enterprise adoption."
"Reddit sentiment on Palantir stock popped close to 35%, going from from neutral (48/100) to bullish (62/100) by midday. The cause? Primarily by a single high-engagement thread in r/stocks. In that discussion titled Why are they really buying?, one user captured the growing narrative: "People who are buying are not stupid, " one user quipped. Another thread in the same subreddit, titled Identifying Good Management as part of Analysis explicitly cited Karp as a benchmark for good management execution:"
Shares of Palantir Technologies fell about 5% over 24 hours despite a sharp rebound in retail sentiment after CEO Alex Karp's meme-worthy sword interview. The company reported $1.2 billion in Q3 revenue, a 'Rule of 40' score of 114%, U.S. commercial revenue up 121% year-over-year, and total contract value up 151% to $2.76 billion, indicating accelerating enterprise adoption. Reddit sentiment moved from neutral to bullish, driven largely by high-engagement threads praising management and execution. The stock trades at roughly a 434x trailing P/E, meaning near-perfect performance would be required to justify current valuation given limited institutional buying pressure.
Read at 24/7 Wall St.
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