Palantir Technologies Inc. shares have shown impressive growth, gaining 1,825.76% since its IPO in October 2020 and 445.15% over the past year. The company reported Q2 earnings that exceeded expectations, achieving $1 billion in revenue for the first time. Analysts have responded positively, with Bank of America and Deutsche Bank raising their price targets significantly. Palantir has secured major federal contracts, including a $10 billion agreement with the U.S. Army, positioning it as a leading player in the growing Big Data market, projected to reach $401.2 billion by 2028.
Palantir Technologies Inc. has experienced significant stock growth, with 445.15% increase over the past year and 1,825.76% since going public in October 2020.
In August, Palantir reported Q2 earnings, surpassing expectations with EPS of 16 cents and revenues of $1 billion, prompting upgrades from major banks.
In late July, Palantir secured a $10 billion contract with the U.S. Army, adding to its portfolio of federal contracts, highlighting its influence in Big Data.
The Big Data market is projected to reach $401.2 billion by 2028, indicating strong growth potential for companies like Palantir.
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