Palantir Technologies (NYSE: PLTR) has won a $59.1 million fixed-price contract for the Intel Apps acquisition program. The estimated completion date for the contract is September 29.
In addition, the data analytics company also announced on Thursday that the U.S. Army Research Laboratory (ARL) will extend its contract with the company and this contract will be worth $229 million and will be over a period of one year.
Akash Jain, President of Palantir USG commented, “By bringing leading AI/ML capabilities to all members of the Armed Services, the Department of Defense continues to maintain a leading edge through technology and by delivering best-in-class software to those on the frontlines.”
What is Palantir Stock Price Target?
The average price target for PLTR stock is $10.86 with an upside potential of 34.4% at current levels.
Analysts are sidelined about the stock with a Hold consensus rating based on three Buys, two Holds, and four Sells.
