To The Moon

Palantir is 'giving the market what it wants in terms of margin expansion and profitability,' says Argus analyst. Palantir Technologies Inc.'s stock is "highly volatile and priced at a premium," according to Argus Research analyst Joseph Bonner.Yet the company is also "highly differentiated," one reason why Bonner initiated coverage of its shares with a buy rating and $29 target price late Friday. That target implied 23% upside from Friday's close, though Palantir's stock rose 6% in Monday's session, so the remaining upside is about 16%.Bonner noted that despite Palantir's reputation serving defense and intelligence clients, he expects the company's commercial business to be its major driver going forward. "Like many enterprise software companies we cover, Palantir is reliant upon new AI-powered applications to expand its business," he wrote."Management noted that the strong margin expansion reflected the robust unit economics of Palantir's business," Bonner said. "We would also note

Prolonged digital-asset boom that began in 2023 is now frayingAnalysts have raised doubts about the outlook for ETF inflowsBitcoin slid to a one-month low as outflows from digital-asset investment products and the prospect of higher-for-longer US borrowing costs sapped the cryptocurrency market.The largest digital asset at one point fell as much as 2.7% on Tuesday and was trading at about $65,300 as of 10:26 a.m. in Singapore. Smaller tokens such as Ether, Solana and Dogecoin posted heavier loss

Palantir's stock has surged by 40% in the past five days, generating excitement but also raising concerns about rational decision-making.The company's products and AI strategy in the commercial sector

The deal will bring Palantir’s Foundry product to manufacturers.Palantir stock has doubled in value during 2023 despite revenue growth in the low teens.Palantir stock is rising this morning after announcing its Foundry product is now available on the Amazon AWS cloud.Palantir has made its money in government contracts, especially for the military. Typical is a recent five-year, $463 million contract with the U.S. Special Operations command. The contract envisions Palantir software being used to reduce the mental load of commanders and soldiers in war. It’s the renewal of an existing contract, but at $20 million more per year, indicating the military is satisfied with the software’s performance.Palantir’s military work also gives it a strategic relationship with Microsoft . But the agreement with Amazon will help manufacturers, with Amazon pitching Palantir’s Foundry as part of its “industrial data fabric.”Palantir stock has been on fire since reporting earnings of $17 million, or 1 ce

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