Palantir Technologies (PLTR) blowout financial results weren’t enough to convince analysts at Citigroup (C) that the stock is a Buy.Maximize

Palantir Technologies stock closed at its highest level on record after the company posted a big beat with its fourth-quarter results.Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents,

The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago.

Palantir Technologies reported strong revenue growth last quarter as the company that made its name providing software to the U.S. government said demand for its artificial intelligence products continues to expand.

Palantir bet on software that allows companies to deploy large-language models in a practical sense, and management says that’s paying off big time.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 26.9% in the morning session after the company reported impressive fourth-quarter results, which blew past analysts' billings,

A woman walking past the Palantir Technologies logo during the World Economic Forum (WEF) annual meeting in Davos, Switzerland on January 19, 2023. Shares of software platform company Palantir (PLTR) soared close to 27% during Tuesday morning trading.

Palantir (PLTR) is one of the top-performing S&P 500 Index ($SPX) stocks, rising by an impressive 513% over the past year. This notable growth in PLTR stock reflects the strong demand for the data analytics and software company’s solutions.