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Benzinga
14 days

Palantir Stock Deserves Valuation Premium: Analyst Says Growth + Margin Equals 'Category Of One'

1. Palantir's revenue beat sets record for second quarter, showing significant growth. 2. Piper Sandler and Bank of America raise price targets for PLTR stock. 3. Strong demand from government boosts PLTR's position in $1T+ Defense sector. 4. Palantir showcases potential in AI, aiming for strong commercial growth. 5. PLTR's stock is up 128.9% year-to-date, hitting new highs.

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FAQ

Why Very Bullish?

Analysts are optimistic after significant revenue growth and a strong quarterly report, similar to past performance boosts following new contracts.

How important is it?

The article discusses growth prospects and price target increases from reputable firms, which generally correlate with strong market performance.

Why Long Term?

Ongoing customer growth and government contracts suggest sustained momentum, as seen in 2022's growth phase.

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