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Palantir (NYSE: PLTR) Up After Contract Renewal
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Palantir (NYSE: PLTR) Up After Contract Renewal

Shares of Palantir Technologies (NYSE: PLTR) were up in morning trading on Monday as the Department of Homeland Security renewed its contract worth $95.9 million with the data analytics company. The contract will be over a five-year period.

Palantir will support the Department of Homeland Security’s Homeland Security Investigations (HSI) department’s Investigative Case Management (ICM) software.

Akash Jain, President of Palantir USG commented, “Every single day, HSI personnel use Palantir’s software to execute their mission of investigating and disrupting major criminal networks that threaten our national security and undermine our critical infrastructure.”

Is Palantir a Buy Sell or Hold?

Wall Street analysts are sidelined about Palantir with a Hold consensus rating based on three Buys, three Holds, and four Sells. The average price forecast for PLTR is $10.75 implying an upside potential of 41.2%.

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