Reported 18 days ago
After Palantir Technologies reported better-than-expected third-quarter earnings and increased its full-year revenue forecast, veteran trader Stephen Guilfoyle hailed the company as a 'champion' in the tech market. CEO Alex Karp highlighted the impressive growth driven by AI demand, stating that Palantir is committed to strengthening U.S. and allied defenses. The stock has surged 214.6% year-to-date, reflecting robust cash flow and a pristine balance sheet, attracting positive analyst attention and upgraded price targets.
Source: YAHOO