Palantir earns an upgrade after its big second quarter, as analysts get bullish on its AI business

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Palantir Technologies beat earnings and revenue estimates in the second quarter, with revenue up more than 90% year over year and net income soaring 125%. Commercial revenue surged 149%, showing the company is expanding its customer base beyond the U.S. government. The stock was surging 16% in premarket trading Tuesday. Deutsche Bank upgraded its rating to buy, while several banks maintained price targets ranging from 200 to 255 dollars, representing potential gains of up to 95% from Monday’s close.

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