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Why Palantir Stock Just Popped


Palantir Technologies (NASDAQ: PLTR) stock jumped 5% through 9:45 a.m. ET Monday after Wedbush analyst Dan Ives reiterated that he still has an outperform rating on the government IT contractor, and still believes the stock will hit $230 within a year.

From its current stock price, that would work out to a 45% profit.

Image source: Getty Images.

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Source Fool.com

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