Palantir Stock Drops After Company Issues Disappointing Outlook—Watch This Price Level

Palantir's stock dropped over 8% after hours as their full-year revenue forecast of $2.68 billion to $2.69 billion missed analyst expectations. Despite a strong quarterly performance with a 21% revenue increase driven by U.S. commercial business growth, the company's annual guidance disappointed the market. Investors are advised to watch the $23 price level for potential support, as a further drop could test lower support levels.