What's Going On With Palantir Stock?
Portfolio Pulse from Erica Kollmann
Palantir Technologies, Inc. (NYSE:PLTR) shares are trading higher, driven by CEO Alex Karp's CNBC appearance discussing a new $178 million U.S. Army contract and the AIP Bootcamp. Additionally, Wedbush Securities raised Palantir's price target from $30 to $35, citing a strong product portfolio in AI. Palantir's stock is up 1.98% at $25.19.
March 13, 2024 | 5:35 pm
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POSITIVE IMPACT
Palantir's stock is positively impacted by a new $178 million contract with the U.S. Army, CEO's CNBC appearance, and a raised price target by Wedbush Securities.
The positive impact on Palantir's stock is due to the announcement of a significant new contract with the U.S. Army, highlighting the company's strong position in AI and machine learning. The CEO's media appearance and the raised price target by a reputable analyst further bolster investor confidence, contributing to the stock's upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100