Palantir Technologies (PLTR) has had a stellar quarter, with record government contracts, surging U.S. commercial growth, and impressive profitability metrics driving a 135% increase in stock price this year. In Q3, total revenue jumped 63% YoY to $1.18 billion, with the U.S. commercial business growing 121% YoY. Palantir’s Rule of 40 score of 114 demonstrates a strong balance of growth and profitability. Despite its high valuation, Wall Street analysts rate PLTR stock as a “Hold,” with an average target price of $191.44, suggesting a 12% upside potential.

(Source: www.barchart.com)

Read more at Barchart: Why Is Everyone Watching Palantir Stock?