"For one, Truist upgraded PLTR to a buy rating. The firm noted that "GenAI adoption could 'compress the market impact' of the last four decades of enterprise technology into just the next five to ten years," says Tip Ranks. With that, the firm believes Palantir holds a "unique market position," one that is "ideally positioned for increased AI adoption by both governments & enterprises.""
"The stock also saw a substantial boost after the weekend raid that led to the capture of Venezuela's Nicolas Maduro. As noted by Barron's, "Mizuho said that Palantir and its CEO Alex Karp are 'massive supporters' of the U.S. military, pointing out that the federal government is one of the company's biggest customers. The success of the [Venezuela] exercise relied on Intelligence & execution.""
""After the long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, rather $1.5 Trillion Dollars. This will allow us to build the 'Dream Military' that we have long been entitled to, and, more importantly, that will keep us SAFE and SECURE, regardless of foe.""
Palantir received a Truist upgrade to buy based on expectations that GenAI adoption could compress decades of enterprise technology impact into five to ten years, positioning Palantir for increased AI adoption by governments and enterprises. The stock gained further after a weekend raid that captured Venezuela's Nicolas Maduro, with Mizuho noting Palantir and CEO Alex Karp as massive supporters of the U.S. military and the federal government as a major customer. Northrop Grumman jumped in premarket following President Trump’s call for a $1.5 trillion 2027 defense budget after prior comments limiting dividends and buybacks. Generac showed a premarket gain after a prior sharp decline.
Read at 24/7 Wall St.
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