Palantir shares surged 23% on strong Q3 results and optimistic revenue guidance.

From CNBC: 2024-11-05 12:04:35

Palantir Technologies CEO Alex Karp spoke at FoundryCon in Palo Alto. Palantir shares surged 23% after strong third-quarter results and optimistic revenue guidance. Revenue rose 30% to $726 million, beating estimates. Net income doubled to $143.5 million. Analysts praised Palantir’s AI tools and data security. Bank of America raised its price target to $55.



Read more at CNBC:: Palantir shares jump 23% to record on uplifting guidance