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Business

Shanthi Rexaline

Palantir Technologies Surges On DoD Contract Win For Spectrum Coordination

NEW YORK, NEW YORK - JULY 26: Traders work on the floor of the New York Stock Exchange (NYSE) on July 26, 2023 in New York City. (Photo by Spencer Platt/Getty Images)

Palantir Technologies, Inc. (NYSE:PLTR) stock has been on a tear since Friday when it was initiated with a bullish recommendation by Wedbush analyst Daniel Ives.

The momentum spilled over into Monday’s session and could potentially extend to Tuesday. The immediate catalyst fueling further upside could be a contract win.

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