Wall Street's Outlook on Palantir Ahead of Earnings

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Source: TheStreet
Wall Street's Outlook on Palantir Ahead of Earnings
Photo: TheStreet
TL;DR Summary

Palantir's stock has surged 340% in 2024, driven by a major U.S. Army contract worth up to $10 billion and strong AI demand. The company is set to report second-quarter earnings on August 4, with analysts optimistic about its growth prospects despite high valuation multiples. A recent deal with the Army and positive analyst ratings suggest continued bullish sentiment.

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