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Palantir’s Stock Surges as Wall Street Analyst Says It Could Help DOGE Cut Spending
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Key Points
- William Blair analysts suggest that the company’s software can support spending efforts in government efficiency departments well.
- The executive orders requiring institutions to establish centralized payment systems “seem to be designated for Palantir,” analysts said.
- While recent cuts that abandon spending cuts could hurt government contractors, the stock has more than tripled in value over the past year.
palantir(bacteria) Stocks soared Wednesday as William Blair analysts believe the company may make a good place to support efforts to prune the Trump administration-guided government spending Ministry of Government Efficiency.
Analysts told clients Wednesday that the recent executive order required federal agencies to almost “seem to be designated” centralized payment tracking system for Palantir. They added that they expect Palantir’s AI Products are the “preferred platform”.
Palantir shares have risen nearly 7% to $90.13, and so far the stock has risen 19%. Although I have abandoned my worries recently Expected consumption pullback May harm government contractors.
William Blair analysts upgraded the stock from “outperforming the market” to “market performance” and said it could return $125 in the next two years “as the market returns to risk-enabled mode.”
Just earlier this week, Wedbush analysts called Palantir theirTop names Analysts said in 2025 “and reiterated a price target worth $120. The company could be in “the best place to benefit from the tide of federal spending,” analysts said, even if other government contractors faced spending cuts.
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