Palantir Stock Continues To Rise: What's Going On?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares are trading higher after BofA Securities raised its price target on the stock from $13 to $18. Palantir shares have been trending higher over the last month, hitting new 52-week highs last week. The company also announced several new deals and the launch of Palantir Foundry for manufacturing on Amazon.com Inc's (NASDAQ:AMZN) Web Services.
June 12, 2023 | 2:23 pm
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Palantir announced the launch of Palantir Foundry for manufacturing on Amazon.com Inc's (NASDAQ:AMZN) Web Services.
The launch of Palantir Foundry for manufacturing on Amazon Web Services expands the partnership between the two companies. This could have a positive impact on Amazon's stock price in the short term, as it showcases the versatility and potential of Amazon Web Services.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
POSITIVE IMPACT
Palantir shares are trading higher after BofA Securities raised its price target from $13 to $18. The company has announced several new deals and the launch of Palantir Foundry for manufacturing on Amazon Web Services.
Palantir's stock price is likely to go up in the short term due to the raised price target by BofA Securities and the announcement of new deals and partnerships. These factors contribute to increased investor confidence and positive sentiment around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100