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Why Palantir Technologies Stock Rallied on Tuesdayit was revealed that the Teacher Retirement System of Texas, one of the largest pension funds in the country in terms of fund size, had added Palantir to its portfolio during the fourth quarter.
Palantir's stock surged an additional ~20% after reporting Q4 results that showed an acceleration in top-line growth to 36% y/y, from just 30% y/y in Q3. Its outlook for FY25 calls for 31% y/y ...
Palantir stock has been on a tear and shows no signs of slowing. The Teacher Retirement System of Texas has taken a stake in Palantir, albeit a relatively small one. Palantir has a bright future ...
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