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home / news releases / PLTR - Why Palantir Rallied This Week


PLTR - Why Palantir Rallied This Week

2024-06-20 13:25:45 ET

Shares of artificial intelligence (AI) software play Palantir (NYSE: PLTR) rose 10.8% this week through 12 p.m. ET Thursday, according to data from S&P Global Market Intelligence .

Although there wasn't much financial news for Palantir this week, the company did announce two contract wins. Those wins seemed to justify a bullish Wall Street analyst call on Palantir that was published on Monday.

Palantir certainly got off to a good start this week. On Monday, analyst Joseph Bonner from sell-side research firm Argus Research initiated coverage on the stock with a buy rating.

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Why Palantir Rallied This Week
Stock Information

Company Name: Palantir Technologies Inc. Class A
Stock Symbol: PLTR
Market: NYSE
Website: palantir.com

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