Prediction: Palantir Will Hit $220 This Year. There's 1 Clear Reason Why.

After underperforming the market for much of the year, Palantir Technologies (NASDAQ: PLTR) stock is back with a vengeance. Shares in the data analytics company jumped more than 35% last week after it delivered a sterling second-quarter earnings report that reset the bar for AI software performance.Palantir shares recovered nearly all of their year-to-date losses as momentum from the company's Aug. 3 report carried into the week. The stock jumped 29.4% the day after the earnings report. Then, after two days of treading water, it climbed by another 10.3% on Aug. 8, closing the week 36.9% higher. Palantir stock is now 15% below the all-time high of $207.52 it set in November. I think that number is well within reach -- in fact, I see it topping $220 before the end of the year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool