Palantir Stock Surges on Government Upgrade and Nasdaq 100 Hopes
Palantir Technologies' stock rose after receiving FedRAMP High Authorization from the U.S. government, allowing it to handle sensitive unclassified information and potentially increasing its government partnerships. This upgrade builds on its existing authorizations and has contributed to a significant stock price increase this year. Despite the positive news, Wall Street analysts maintain a 'Hold' rating on the stock, with a mixed outlook on its future price potential.