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Palantir Technologies CEO Alex Karp expressed his disgust for the status quo during the company's fourth-quarter earnings call, emphasizing the need for disruption in government contracts. Following the formation of the Department of Government Efficiency (DOGE), analysts believe this could create significant opportunities for Palantir, as it aligns with the company's goals of enhancing government efficiency and accountability. Bank of America has raised its stock price target for Palantir, suggesting that the company's stance could lead to growth amid a changing landscape in government contracting.
Source: YAHOO