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Palantir Technologies' shares surge 7.2% after Q1 revenue jumps 39% to $883.86M, exceeding estimates.
Palantir Technologies' shares rose 7.2% to $118.43 after their first-quarter earnings report showed a 39% year-over-year revenue increase to $883.86 million, surpassing estimates.
The company's U.S. revenue grew 55% to $628 million, with commercial revenue up 71%.
Despite this growth, Palantir's stock has a "Hold" rating and a $83.70 price target.
Several institutional investors adjusted their stakes in the company, with some selling shares while others increased their holdings.
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Las acciones de Palantir Technologies aumentaron un 7,2% después de que los ingresos del primer trimestre aumentaron un 39% a $883.86M, superando las estimaciones.