revision

“Based on historical relative valuations, material share price appreciation in our view will likely have to come from positive earnings revisions,” he wrote, as it’s been “difficult to sustain” a premium of that magnitude.

First, growth estimates are often subject to substantial revision.

McClurg said his firm already received substantial revisions and comments from the SEC for both of their Hedera and Litecoin ETFs’ applications.

Meanwhile, on the street of shame, the usual suspects engaged in historical revision.

Citi Research analysts led by Tyler Radke reiterated a Neutral rating on the stock in a separate note Tuesday, pointing to Palantir’s “extreme valuation paired with risk of more moderated revision trends.”