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.
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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.
