Palantir's Year-long Rally Gains Momentum After Expanding Partnership with Voyager Space
Posted: Jul 02, 2024
- Palantir Technologies (PLTR) is a leading provider of AI software systems - The stock has gained over 52% YTD and 8.06% in the last five days - Palantir strengthened alliance with Voyager Space and signed MoU for defence solutions - Analysts downgraded Palantir with $20 target per share due to high valuation - Palantir recorded steady growth in Q1 with revenue up 21% YoY - Company secured significant defence contracts in the first half of 2024 - Management raised full-year 2024 revenue guidance to up to $2.68 billion.
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