Why Is Palantir (PLTR) Stock U

2022-06-03

Why Is Palantir (PLTR) Stock Up Nearly 10% Today?

Palantir announced U.S. Space Systems Command (SCC) has awarded the company with an additional $53.9 million for its existing national security contract. This increase is on top of an existing $121.5 million contract, bringing the value of Palantir’s work to more than $175 million for this client alone.

As a major player in the big data space, part of Palantir’s allure has been the company’s close connections with big government agencies. As far as revenue stability is concerned, this plays significantly into the company’s bull thesis. Indeed, this data-as-a-service company has become a meme stock in its own right, surging during last year’s impressive rally.

source : https://investorplace.com/2022/06/why-is-palantir-pltr-stock-up-10-today/amp/

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Comments

MortimerDodd
2022-06-05
MortimerDodd
Palantir is a great stock, let's be patient with it.
ElvisMarner
2022-06-05
ElvisMarner
I would like to add stock at the current price, I do not know whether it is suitable.
BurnellStella
2022-06-05
BurnellStella
I kind of like how it works with the government.
BellaFaraday
2022-06-05
BellaFaraday
Hopefully PLTR will show up next week.
MR_Wu
2022-06-05
MR_Wu
SCC has brought Palantir a surprise.
EC031
2022-06-03
EC031
Thank You for sharing

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