Why Palantir Stock Soared Today
Shares of Palantir Technologies (NYSE: PLTR) surged on Thursday after the data analytics leader delivered strong second-quarter growth metrics. As of 12:50 p.m. EDT, Palantir's stock price was up more than 10%.
Palantir's revenue rose 49% year over year to $376 million, fueled by new customer additions and higher sales to existing clients. That was well above Wall Street's expectations for revenue of $352.3 million.
Palantir's sales are surging. Image source: Getty Images.
Source Fool.com
