What's Going On With Palantir Stock?
Portfolio Pulse from Ryan Gustafson
Palantir Technologies Inc. (NYSE:PLTR) shares hit new 52-week highs last week before pulling back. The stock is still up more than 100% over the last three months, driven by the company's AI exposure and strong demand for its new AI platform. The company also announced a partnership with SpectorOps to provide the government sector with SpectorOps' BloodHound Enterprise solution. Palantir is set to report second-quarter earnings on Aug. 7, with expected earnings of five cents per share and revenue of $530.63 million.
July 24, 2023 | 7:33 pm
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Palantir's stock has been performing well, driven by strong demand for its AI platform. The company's recent partnership with SpectorOps and upcoming Q2 earnings report could further influence the stock's performance.
Palantir's stock has been performing well due to strong demand for its AI platform. The company's recent partnership with SpectorOps could potentially open up new revenue streams. The upcoming Q2 earnings report, if positive, could further boost the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100