What's Going On With Palantir Stock Today?

Palantir Technologies, Inc. PLTR shares are moving higher Monday on above-average trading volume. The stock appears to be moving on continued upward momentum from last week. 

What To Know:

On Friday, Wedbush analyst Dan Ives initiated coverage of Palantir with an Outperform rating and $25 price target. In the initiation note, Ives called Palantir the "Messi of AI," referencing the World Cup-winning Argentine soccer legend Lionel Messi.

Shares of PLTR closed Friday significantly higher and are up by approximately 10% on Monday and moving on heavy trading volume. According to data from Benzinga Pro, more than 70 million shares have already been traded in the session, compared to the stock's 100-day average of 81.125 million shares.

PLTR has grabbed the attention of retail investors. The stock was listed among the top trending tickers on StockTwits and Yahoo! Finance at publication time.

Palantir will release its second-quarter financial results after the close of U.S. markets on Aug. 7 and will host a webcast to discuss its results at 5:00 p.m. ET the same day. The company is expected to report EPS of 5 cents and revenue of $529.94 million, per Benzinga Pro estimates.

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PLTR Price Action: According to Benzinga Pro, shares of PLTR were trading 9.85% higher at $19.57 at the time of publication.

Image: geralt from Pixabay