Palantir Stock Rebounds Ahead Of Q2 Results: What's Going On?

Palantir Technologies, Inc. PLTR shares rose moderately in pre-market trading on Monday, reversing some of the losses seen in the previous three sessions.

The data intelligence software company has recently received a lot of attention due to its artificial intelligence opportunity.

Wedbush analyst Daniel Ives initiated the stock with an Outperform rating and $25 price target in late July, calling the company the "Messi of AI."

Palantir is scheduled to report its second-quarter results Monday after the market close. Analysts, on average, expect the company to report earnings of $0.05 per share, reversing from a loss of $0.01 per share a year ago. The company's topline may have increased by 12.6% year-over-year to $532.71 million.

More importantly, investors may be keen to know about the company’s AI opportunities when CEO Alex Karp and his team host the earnings call.

In premarket trading, Palantir shares rose 0.77% to $18.34, according to data from Benzinga Pro.

See Also: Best Artificial Intelligence Stocks

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Posted In: EarningsEquitiesNewsTop StoriesMoversTechTrading IdeasAlex KarpDaniel IvesWedbushWhy It's Moving
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