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MarketBeat
MarketBeat
Chris Markoch

Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings

Palantir GS Alex Karp PLTR Goldman Sachs MarketBeat

Palantir Technologies (NASDAQ: PLTR) has been one of the biggest winners in the last earnings season. PLTR is up approximately 60% since August, and it's within about 5% of its 52-week high.

The stock's rally is supported by recent analyst sentiment. On Oct. 8, Goldman Sachs (NYSE: GS) raised its rating on PLTR to Buy from Neutral. The new rating comes with a $230 price target. That's approximately 17% above the consensus price target of $198.75 from analysts tracked by MarketBeat.

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