Palantir Technologies Inc. shares saw a bump of nearly 4% as President Trump's tariff revisions created a rally in tech stocks. The year-to-date gain of 23% stands out against a broader Nasdaq decline of over 13%. Despite a lowered price target by an analyst, the company is expected to report stronger-than-average sales for 2025, forecasting between $3.74 billion and $3.76 billion. Insider selling, including actions by CEO Alex Karp, raises concerns, but the Big Data market is on a growth trajectory, expected to expand significantly by 2028.
Shares of Palantir Technologies Inc. (NASDAQ: PLTR) gapped up nearly 4% through a.m. trading on Monday as President Trump once again revised tariffs on electronics, causing tech stocks to rally.
The bump in the stock's price brings its year-to-date gain p to 23%, defying the broad Nasdaq's loss of more than -13% over the same period.
Palantir's strong full-year guidance for 2025 sees a sales forecast between $3.74 billion and $3.76 billion, topping average estimates of $3.52 billion.
The market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028 - an increase of 82.2%.
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