Palantir Technologies actions fall to a minimum of almost two weeks after publishing their profit report

• Palantir Technologies (PLT) loses 11.95% daily, reaching a minimum of April 24 at 105.32 $.
• PLTR obtained income of 883.86 billion dollars, exceeding analysts’ estimates.

The values ​​of Palantir Technologies (PLT) marked a maximum of the day at $ 113.91, finding vendors that carried the price of the share to minimum of almost two weeks not seen since April 24 at 105.32 $. Currently, PLTR operates at 108.90 $ falling 11.95% on Tuesday.

Investors show their concern after the fall in the sales of Palantir Technologies

The leading software and artificial intelligence company, Palantir Technologies (PLTR) has a drop of 11.95% today, visiting April 24 at 105.32 $ after the publication of its quarterly report.

PLTR registered income of 883.86 billion dollars compared to the 862.17 billion dollars planned by the market. Similarly, it obtained a gain per share of 0.13 $, slightly higher than 0.129 $ projected by analysts.

Despite exceeding the estimates, the PLT gains report revealed a 10% drop in its sales reflecting a decrease in global demand.

In this context, the UBS Investment Bank adjusted the target price of PLT, taking it to $ 110 from $ 105. Similarly, Mizuho raised the target price of the share at $ 94 from $ 80.

Technical levels of PLTR

The actions of Palantir Technologies (PLT) established a short -term resistance given by the maximum of May 5 at $ 125.25. To the south, the closest support is at $ 89.31 of April 21. The following key support is found at $ 78.06, pivot point of April 7.

PLT DAILY GRAPH