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The Palantir Technologies Inc. (PLTR) stock price is trading at $19.84 currently with a market capitalization of $42.03 Billion (press time).
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PLTR stock gave more than 201.52% returns to investors year-to-date.
The company delivered impressive earnings results for the first quarter of 2023, surpassing analysts’ estimates on both revenue and earnings per share. The company also increased its full-year revenue outlook and announced a new stock buyback program.
The company got a positive rating from Wedbush analyst Dan Ives, who started covering Palantir with an “outperform” rating and a 25 USD price target. The company unveiled its new artificial intelligence platform (AIP), which enhances its existing platforms with AI capabilities.
The company said that the demand for AIP is “unprecedented” and that it has already secured several contracts with customers from various sectors, such as healthcare, energy, defense, and manufacturing.
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