PLTR News: Palantir Technologies extends gains as contracts continue to roll in

NYSE:PLTR has rolled its momentum into a new week as the polarizing stock rose for the fifth straight session carrying over from last week. On Monday, Palantir added 2.24% to close the day at $27.38, as shares eye the large gap above to fill in the $30.00-$32.00 range. The recent surge has boosted Palantir over the key 200-day moving average level, and at this point it is clear that the bulls are in control of this battleground stock. Shares are still well off the January highs of $45.00 per share, but it seems as though the stock has finally broken out of its long consolidation period. 

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Palantir added yet another interesting partnership last week as the data analytics giant has teamed with DataRobot to improve the speed and integration of demand forecasting models. The new software will utilize Palantir’s Foundry platform and the DataRobot Augmented Intelligence Platform that will help to forecast consumer demand profiles and trends for consumer facing companies. Both CEOs anticipate the partnership to add tremendous business value to enterprise customers, as Palantir once again flexes its data analytic muscles showing how important it is moving forward. 

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Palantir continues to focus on its government side as well, inking nearly $170 million in contracts over the past few weeks. Amongst these contracts was a well publicized one with the Federal Aviation Administration, as well as other partnerships with the U.S. Special Operations Command, the U.S. Army, and the Center for Disease Control.