Palantir Technologies Inc. experienced a slight decline in shares, yet remains significantly up year-to-date and over the past year. It was awarded major federal contracts for immigration tracking and citizen database creation under the Trump administration. Analyst predictions indicate future growth, especially with estimated sales of around $3.75 billion for 2025. The data services market shows strong potential, reinforcing Palantir's position as a leader in Big Data, though investors face challenges in medium to long-term stock predictions.
Shares of Palantir Technologies Inc. lost 1.36% over the past five trading sessions, bringing down its year-to-date gain to nearly 84% and its one-year gain to an absurd 472.35%.
In late May, the Trump administration rewarded a federal contract worth hundreds of millions to Palantir with the objective of creating a database on every U.S. citizen.
However, there is optimism surrounding the AI company, whose 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.
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