24/7 Wall St. analysis suggests Palantir (PLTR) stock is poised for a significant surge in September, with a target price of $217.16, representing a potential gain of 24.75%.
Analysis indicates that Palantir's stock price surged 43% last month due to strong Q2 earnings (revenue growth of 93% to $1.935 billion, with U.S. commercial revenue up 149% year-over-year). Additionally, the high volume of call option contracts expiring on September 18, totaling 254,823, suggests traders are anticipating a significant directional move in the stock price. The institution has issued a "Buy" rating for Palantir, projecting a target price of $217.16 within the next 12 months.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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