Markets

Palantir upgraded to ‘buy’ with a fresh $34 price target from Goldman Sachs after revealing ‘sustainable growth’ in latest earnings

Palantir posted a surprise loss in its fiscal fourth-quarter earnings on Tuesday, causing the stock to fall. Goldman Sachs analysts thought the quarter was stronger than expected and raised their price target to $US34 per share. The analysts cheered Palantir’s government revenue, margin expansion, and backlog visibility. Sign up here […]
Palantir upgraded to ‘buy’ with a fresh $34 price target from Goldman Sachs after revealing ‘sustainable growth’ in latest earnings
Markets

Palantir will surge 31% as Wall Street realises potential for breakneck profit growth, Morgan Stanley says

Investors aren’t seeing the bigger picture regarding Palantir’s discounted valuation, Morgan Stanley analysts said Monday. The bank initiated an “overweight” rating on Palantir’s shares in a note to clients. The analysts’ $US13-per-share price target implies a 31% rally from Monday’s close over the next 12 months. Palantir closed Monday just […]
Palantir will surge 31% as Wall Street realises potential for breakneck profit growth, Morgan Stanley says
Markets

US stocks climb on stimulus hopes, still post first monthly loss since March

US stocks climbed on Wednesday as investors digested a disorderly presidential debate and wavering hopes for a near-term stimulus deal. All three major US indexes climbed through the day on renewed hopes for a deal. Stocks pared some gains after Senate Majority Leader Mitch McConnell balked at Democrats’ latest proposal. […]
US stocks climb on stimulus hopes, still post first monthly loss since March