Palantir's stock surged 11% after winning a $178.4m Army contract for 10 TITAN systems.
Palantir Technologies stock surged 11% after winning a $178.4m Army contract for 10 Tactical Intelligence Targeting Access Node (TITAN) systems. The company has a history of providing AI solutions to U.S. government and its allies, with U.S. commercial revenue growing 70% YoY in Q4 and total contract value increasing 107%. The stock has gained 215% over the past year and is already up 55% YTD, suggesting potential undervaluation based on forward P/EG ratio.
March 06, 2024
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