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Palantir shares surge to record high after Nasdaq listing announcement

Palantir Technologies' shares surged 9% to a record high after announcing its move to Nasdaq, with trading expected to begin on November 26 under the ticker "PLTR." The stock's rise follows a strong earnings report, with significant revenue growth from both U.S. government and commercial sectors, and a notable five-year contract with the military for AI technology. Despite the rally, analysts caution that the stock may be overvalued relative to the company's fundamentals, downgrading their 12-month recommendation to a hold.
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United States Dollar S&P Global Inc. Palantir Technologies Inc. Argus Research New York Stock Exchange Nasdaq USA DEU Alex Karp Alexander Moore Donald Trump S&P Global Peter Thiel Show more
Technology & Innovation, Market Report
21:08 15.11.2024
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