Reported about 11 hours ago
Palantir Technologies is experiencing a strong increase in stock price ahead of its fourth quarter earnings report, with shares trading near all-time highs. Analysts are optimistic about the company's use of AI technologies in its government and commercial sectors, predicting earnings of 11 cents per share and revenues of $776 million for the December quarter. CEO Alex Karp emphasizes the shift away from a large client base in favor of strategic partnerships. Analyst Dan Ives raised Palantir's price target to $90 per share, citing new AI investments from the Trump administration as a potential boost.
Source: YAHOO