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Why Palantir Stock Surged to an All-Time High on Thursday
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Key Points
- Palantir shares soared to their all-time high on Thursday, extending earnings earlier this week.
- Several analysts have raised their stock price targets since Palantir’s strong forecast for 2025 on Monday.
- Palantir also announced Thursday that it will integrate Elon Musk’s Xai’s chatbot Grok into its AI platform.
palantir(bacteria) Stocks soared to their all-time high Thursday, earlier a week after the company gave it More than expected prospects There is growing demand for its AI platform.
After more than four times worth in the past year, Palantir’s stock climbed nearly 10% on Thursday to a closing record of $111.28. The stock is ahead of the Nasdaq 100 and is one of the best performing stocks in the S&P 500.
Several analysts have Increased stock price targets Bank of America, Citi, UBS, Wedbush, Morgan Stanley and others are pushing their goals since Monday’s Palantir made a strong forecast for 2025.
Palantir also announced Thursday that it will integrate Elon Musk’s Xai’s chatbot Grok into its AI platform.
Bank of America analysts indicated in notes to clients on Tuesday that Elon Musk’s new administration efficiency and Trump’s administration’s focus on artificial intelligence could give Palantir a “main opportunity.”
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