Why Palantir Technologies Stock Popped (Again) on Thursday
Palantir Technologies (NASDAQ: PLTR) stock continued its winning streak on Thursday, climbing as much as 7.9%. As of 3:23 p.m. ET, the stock was still up 7.9%.
The artificial intelligence (AI) software and data mining specialist continued a trend that began earlier this week when the company reported blockbuster financial results. Since then, Wall Street has been scrambling to update its models, which has resulted in a raft of upgrades and price target increases.
When Palantir released its fourth-quarter report after the market close on Monday, the strength of the results caught many investors by surprise. The company beat consensus estimates on both ends of the income statement, forcing analysts to rethink their expectations.
Source Fool.com
