Palantir Shares Rose After Stronger-Than-Expected Sales Outlook
Palantir Technologies Inc. rose following a revenue forecast for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after its shares have gotten off to a lackluster start so far this year.
Annual revenue will gain 61% to about $7.19 billion, the Denver-based company said Monday in a statement. Analysts, on average, estimated $6.27 billion. Palantir forecast sales in the current quarter of about $1.53 billion, which also beat expectations.