BUZZ-Palantir's shares surge on strong forecasts; MS upgrades to 'equal-weight'
Reuters02-04
BUZZ-Palantir's shares surge on strong forecasts; MS upgrades to 'equal-weight'**Shares of Palantir Technologies PLTR.O jump nearly 19% to $99.5 premarket
**Palantir forecast Q1 and FY revenue above estimates on robust demand for its software and data analytics services
** Morgan Stanley says Palantir is performing well in the early stages of the AI cycle given a strong tech platform and elite engineering talent
** Raises rating to 'equal-weight' from 'underweight'
** Three of 22 brokerages rate the stock "buy" or higher, 14 "hold" and five "sell" or lower; their median PT is $80- LSEG
** PLTR's stock rose ~340.5% in 2024
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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