What's Going On With Palantir Stock Today?
Portfolio Pulse from Erica Kollmann
Palantir Technologies, Inc. (NYSE:PLTR) shares are trading slightly higher following a price target increase by Wedbush analyst Dan Ives, who raised the target from $38 to $45, citing the company's growth in AIP platform contracts. Recent catalysts include a $100 million military contract and inclusion in the S&P 500. Palantir's stock has gained over 115% year-to-date.
September 26, 2024 | 2:50 pm
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POSITIVE IMPACT
Palantir Technologies' stock is trading higher after Wedbush analyst Dan Ives raised the price target to $45, highlighting the company's AIP platform growth. Recent $100M military contract and S&P 500 inclusion are key catalysts.
The increase in price target by a well-known analyst and the mention of significant contracts and S&P 500 inclusion are positive indicators for Palantir's stock. These factors suggest a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100