Software company Palantir Technologies Inc. (PLTR) is capitalizing on the artificial intelligence (AI) boom, scoring big with its data solutions for the U.S. government and major enterprises. Palantir’s AI platform, coupled with extensive government associations, is fostering tremendous growth prospects, driving fresh enthusiasm among investors.
The company’s impressive Q2 release last week and an optimistic fiscal year forecast led to a PLTR stock surge of more than 10% on Aug. 6. With a solid post-earnings reaction and analysts predicting EPS to more than double this year, the stock recently broke out above the $30 level for the first time since February 2021. But how much further can PLTR climb?
