Palantir Stock Is Surging. It’s Not Just the Results Causing Excitement. | Barron’s
Technologies stock surged early Tuesday. But a quarterly update from the data-analytics software company was probably not the real reason, with comments from the CEO about growing M&A interest more likely to have piqued investors’ interest.
Yes it posted its first-ever profitable quarter on a GAAP basis, but CEO Alex Karp also suggested that the company is attracting growing acquisition interest.