Palantir Technologies is trading 3.5% up at €108.40 following a successful military contract protest and a significant earnings estimate upgrade from Citi.
- A U.S. government agency withdrew a military intelligence contract bid after a protest by the company, signaling a potential turnaround for the contested deal.
- Citi analysts raised earnings estimates, forecasting 53% sales growth by 2027 driven by robust commercial momentum and rapid AI platform adoption.
- The stock is rebounding from recent volatility and regulatory scrutiny regarding its data platform work for the UK's NHS.