#palantir
Short Squeeze and BofA Price Target Upgrade Drive 9% Palantir Share Surge
Palantir Technologies shares climbed 9% as Bank of America analysts projected a 50% upside for the AI software firm. The rally followed robust second-quarter earnings and significant losses for bearish investors forced to cover short positions.
Palantir Accelerates to 93 Percent Growth as US Commercial Backlog Hits Record $6.2 Billion
Palantir reported a significant surge in second-quarter revenue to $1.94 billion, driven by a 149 percent increase in its US commercial division. The firm raised its full-year guidance as it positions itself as the governed operational layer for sovereign AI.
Palantir Stock Jumps as U.S. Commercial Revenue Surges 149 Percent
Data analytics firm Palantir outperformed analyst expectations in its second quarter, fueled by massive growth in its domestic private sector business. The company subsequently raised its full-year revenue outlook as CEO Alex Karp anticipates sustained momentum for at least 18 months.