What's Going On With Palantir Stock?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares have been volatile after a surge on Monday, following positive commentary from Wedbush analysts. The company was recently selected by the Defense Information Systems Agency (DISA) to automate spectrum coordination workflows. Palantir has seen a 160% increase in share price over the last three months, largely due to strong demand for its new AI platform and better-than-expected quarterly results. The company is set to report its second-quarter financial results on August 7.
August 04, 2023 | 9:25 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Palantir's stock has been volatile following positive commentary from Wedbush analysts and the announcement of a new contract with DISA. The company's shares have surged 160% over the last three months due to strong demand for its new AI platform and better-than-expected quarterly results.
The positive commentary from Wedbush analysts, the announcement of a new contract with DISA, and the strong demand for Palantir's new AI platform have all contributed to the surge in the company's stock. The upcoming second-quarter financial results could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100