Palantir Stock Could Make a Dramatic Move Over the Next Year (Hint: It Implies a Big Move)
Palantir has seen a parabolic jump in its stock price following its earnings report, and it can sustain its impressive momentum in the coming year.
Overview
Palantir Technologies (NASDAQ: PLTR) has made a parabolic move on the stock market lately, with shares of the company jumping 39% since Aug. 3, the day when it released its Q2 earnings report.
This incredible jump in Palantir stock has been fueled by the company's stronger-than-expected Q2 numbers and an improved full-year guidance. The good news for investors is that the recent rally in this artificial intelligence (AI) software specialist is poised to continue over the coming year.
Details
Let's see why that's likely to be the case.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.