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Palantir Stock Surges 8.2% After Securing $795M U.S. Army Contract
Palantir Stock Surges 8.2% After Securing $795M U.S. Army Contract
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Palantir shares rallied sharply following a $795 million contract modification with the U.S. Army, pushing total defense contract value to $1.3 billion. The AI data specialist’s stock climbed to $25.67 with trading volume spiking 43% above average, signaling robust institutional interest in its Maven Smart System platform.
Wedbush analyst Daniel Ives maintains his bullish $140 price target, citing Palantir’s growing dominance in defense AI solutions. This milestone marks the company’s first billion-dollar government contract, cementing its position as a key Pentagon technology partner amid escalating global security demands.
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