** Palantir Technologies PLTR.O stock dipping 12.3% on Tues after qtrly results and raised forecast failed to satisfy investors' high expectations following shares' recent rally
** The AI-focused data co's rev grew 39% in Q1 to $883.9 mln, exceeding consensus analyst estimates of $862.8 mln, driven by strong U.S. govt contracts
** Co now expects full-year rev between $3.89 bln and $3.90 bln, up from its earlier forecast of sales between $3.74 bln and $3.76 bln. Analysts on average expect $3.75 bln
** Morningstar analyst Mark Giarelli says "respectable earnings beats" not enough to drive further stock gains
** PLTR stock surged 43% YTD, outperforming Nasdaq .IXIC, which fell 8% in same period
** Stock is about 14% below its 52-week intraday high of $125.41 reached on Feb. 19, 2025
** At least 9 brokerages raised price target for PLTR, bringing PT median to $96.46
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.