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Mark R. Hake, CFA

Palantir's Free Cash Flow Surges, Pushing PLTR Stock and Its Target Price Higher

PLTR Palantir Plt Palantir Technologies

Palantir Technologies (PLTR) reported strong Q3 revenue growth on Nov. 2 along with a huge rise in its free cash flow and FCF margins. This helps raise analysts' target prices and increases the underlying value of PLTR stock.

The intelligence software and services company said its revenue rose 17% YoY to $558 million. This was stronger than its Q2 sales gain of just 13%.

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