Palantir Technologies Inc. has shown remarkable stock performance with a 65% year-to-date increase for 2025 and a staggering 1,248% rise since its IPO in 2020. The company has recently secured a $30 million immigration tracking contract from ICE, contributing to its optimistic business outlook. Despite lowered price targets from analysts, Palantir's strong sales forecast surpasses expectations, indicating robust growth in the Big Data industry, projected to grow 82.2% by 2028. This presents a challenging yet promising landscape for investors favoring long-term holds.
Shares of Palantir Technologies Inc. (NASDAQ: PLTR) remained flat in a.m. trading on Monday in the lead-up the company's Q1 earnings report, which will occur after the bell.
On April 21, Investor's Business Daily reported that Palantir won an immigration tracking federal contract from the U.S. Immigration and Customs Enforcement (ICE).
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