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Palantir Technologies (PLTR, Financial) stock rebounded sharply on Wednesday morning, gaining 7% after the company announced new strategic partnerships with major clients such as Walgreens Boots Alliance and Heineken.
The fresh alliances have bolstered confidence in Palantir's commercial momentum, driving the stock surge by about 6.7%. Analysts forecast robust growth ahead, projecting revenue increases of 31% and operating margins reaching 45% by 2025. These figures underscore the company's potential in the competitive AI-driven software solutions market.
However, past headwinds from U.S. tariff policies and defense budget cuts had weighed on sentiment, but, according to market watchers, the dip is a good buying opportunity. Also, Cathie Wood's ARK Investment has signaled its confidence by purchasing 152,000 shares.
This article first appeared on GuruFocus.