From Nasdaq:

Shares of Palantir Technologies (NYSE: PLTR) soared as much as 47.5% this week, closing Friday up 43.2%. The surge followed fourth-quarter results that delivered record revenue of $608 million, a 20% year-over-year increase, with U.S. commercial revenue up 70%. Additionally, the company achieved record net income and adjusted earnings per share of $0.08. The company also offered guidance for a 20% increase in revenue for the year ahead. Analysts rushed to update financial models, issuing a slew of new, higher price targets and two upgrades. Wedbush analyst Dan Ives increased his target to a Street-high $30, calling Palantir the “undiscovered gem” of AI. With a forward PEG ratio of less than 1, the stock is considered undervalued and is seen as a buy.



Read more: Why Palantir Technologies Stock Skyrocketed as Much as 47% This Week