What's Going On With Palantir Stock Today?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) announced a multi-year partnership with Tree Energy Solutions to leverage its AI software for green energy transition and decarbonization. This partnership is a significant step for both companies, enhancing data-driven decision-making in the energy sector. Palantir is also set to report its Q2 financial results on Aug. 5, with expectations of earnings of 8 cents per share and revenue of $652.141 million. The company has shown consistent GAAP profitability and has received a bullish price target of $50 from Wedbush analyst Dan Ives.
July 29, 2024 | 1:22 pm
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Palantir Technologies Inc announced a multi-year partnership with Tree Energy Solutions to leverage its AI software for green energy transition and decarbonization. This partnership is expected to enhance Palantir's presence in the energy sector. Palantir is also set to report Q2 financial results on Aug. 5, with expectations of earnings of 8 cents per share and revenue of $652.141 million. The company has shown consistent GAAP profitability and has received a bullish price target of $50 from Wedbush analyst Dan Ives.
The partnership with Tree Energy Solutions is a significant development for Palantir, enhancing its role in the green energy sector. The upcoming Q2 earnings report and the bullish price target from Wedbush analyst Dan Ives further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100