What's Going On With Palantir Technologies Shares Today?

Palantir Technologies Inc. PLTR shares are trading marginally higher on Friday.

Peter Thiel, Chairman of Palantir Technologies, shared his outlook on the future in an NBC News interview. He focused on AI, digital currencies, and his views on America’s current state.

In an interview with BNN Bloomberg, Dan Ives, an analyst at Wedbush Securities, dismissed the notion that Palantir is not at the forefront of cutting-edge technology and sales.

Read This: Dan Ives Labels Nvidia Correction A ‘Near-Term Pullback’, Hails Palantir As ‘Purest AI Name’ Amid Growing Market Use Cases

He emphasized Palantir’s recent developments, labeling the company as the “purest AI name in the market in terms of use cases.” Ives expressed optimism about Palantir’s future, stating that “monetization is gonna play out” as the industry enters the second derivative of AI.

Earlier this month, Argus Research analyst Joseph Bonner initiated coverage on the stock with a Buy rating and announced a price target of $29, highlighting momentum around the company’s commercial business.

The Argus Research analyst noted that Palantir has significantly improved its profitability and cash flow in recent years. 

Yesterday, the company inked a pact with Voyager Space. Together, Voyager and Palantir will advance the space and defense technology sectors by integrating Palantir’s AI tools across the Voyager enterprise.

Palantir reported earnings for the first quarter last month. Despite beating estimates on the top and bottom lines and raising its full-year guidance, the stock traded lower. It has since recovered as software and AI continue to be dominant themes in the market.

Palantir is due to report earnings in early August. The company is expected to report earnings of 8 cents per share and revenue of $652.139 million, according to Benzinga Pro.

Check This Out: Palantir And Voyager Space Strengthen Alliance To Boost Defense And Space Tech With AI Integration

Price Action: PLTR shares are trading higher by 0.93% to $25.47 at last check Friday.

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