Monday, September 27, 2021

Palantir Technologies Inc. (PLTR) stock surges in premarket trading. What’s going on?

Palantir Technologies Inc. (PLTR), (formerly known as Palantir Finance), specializing in software for data integration, and quantitative analytics, saw its stock price increasing 0.9% to trade at $25.65 in premarket at last check. PLTR’s stock gained 8.91% to close Tuesday’s session at $25.42.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


PLTR Chairmanhints That Palantir Could establish itself in the bitcoin (BTC) space, which peaked investor interest. The transition to cryptocurrency increased the potential financial surplus for the company with revenue growth already tallied 47% last year. PLTR stock saw an incredible surge following the news.

About Palantir Technologies


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Palantir specializes in data analytics, helping clients establish an algorithm, with a huge amount of data, allowing them to build an AI model with a higher accuracy rate. The U.S. Army Research Laboratory selected Palantir to help enhance its AI capabilities due to its lucrative business model and empowering clients to integrate gigantic datasets, helping the military to train algorithms

In addition, IBM is also working with Palantir to build a simple interface that eases the accessibility for the development of AI-powered applications. The management of the company expects the company’s market opportunity to reach $119 billion, which is more than 100 times its annual trailing revenue, emphasizing on the potential of growth in this lucrative field.

PLTR revenue also tallied 47% last year, due to various contractual agreements of PLTR’s, Gotham platform. Gotham specializes in data-mining services for the federal government and produces majority revenue for the company. Data analytic services provided by Gotham to the federal government is expected to sustain a growth rate in the 30% to 40% range, for Palantir, with the company striving to adequately understand the data and make their operations more effective.

Conclusion

PLTR offered a better-than-expected outlook for the current quarter and is anticipated to produce a decent profit as their stock price surged 8.91% to close Tuesday’s session after their announcement to enter into the BTC space. Furthermore, lucrative partnerships, such as with IBM and working closely with the Federal government and U.S Military has further increased investor expectation.

Latest news

What Led The Viper Networks (VPER) Stock To Increase 16% On Friday?

At the previous close, Viper Networks Inc was soaring at $0.0150 as it gained 16.28%. There were 103.98M shares traded for VPER stock...

Has IPIX Stock Risen Last Session For A Reason?

Innovation Pharmaceuticals Inc recorded a gain of 14.67 percent to $0.2626 at the previous close. Volume in IPIX stock was 2.34M compared to...

What Caused Valiant Eagle (PSRU) Stock to Skyrocket Last session rising 91%?

The shares of Valiant Eagle, Inc. (OTCPink: PSRU) ended the day up 91.55 percent at $0.0136, and have been fluctuating in price between $0.0138...

PagerDuty Inc. (PD) Generates $67.5 Million Revenue in Q2

Cloud software provider PagerDuty Inc. (NYSE: PD) released its second-quarter report last week. The company beat Wall Street predictions in terms of revenue and...

Related news

What Led The Viper Networks (VPER) Stock To Increase 16% On Friday?

At the previous close, Viper Networks Inc was soaring at $0.0150 as it gained 16.28%. There were 103.98M shares traded for VPER stock...

Has IPIX Stock Risen Last Session For A Reason?

Innovation Pharmaceuticals Inc recorded a gain of 14.67 percent to $0.2626 at the previous close. Volume in IPIX stock was 2.34M compared to...

What Caused Valiant Eagle (PSRU) Stock to Skyrocket Last session rising 91%?

The shares of Valiant Eagle, Inc. (OTCPink: PSRU) ended the day up 91.55 percent at $0.0136, and have been fluctuating in price between $0.0138...

PagerDuty Inc. (PD) Generates $67.5 Million Revenue in Q2

Cloud software provider PagerDuty Inc. (NYSE: PD) released its second-quarter report last week. The company beat Wall Street predictions in terms of revenue and...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam