Is Palantir Stock a Buy After its Latest Earnings Report?

Palantir Technologies reported strong Q3 revenue growth of 96% to $2.31 billion, with U.S. commercial sales surpassing government sales for the first time. However, total contract value growth slowed significantly to just 6% year-over-year, down from 49% in Q2, raising investor concerns despite management attributing this to shorter Sovereign AI contracts expected to expand. The stock fell 5% post-earnings and trades at a premium valuation with limited room for disappointment.