Palantir Stock Jumps on a Military Deal. Can the Stock Continue Its Momentum?
Winning military deals isn't new for Palantir Technologies (NASDAQ: PLTR). The U.S. government is its largest customer, with the Department of Defense (DOD) one of its biggest benefactors.However, Palantir's latest military deal isn't with the U.S. government; it's with NATO (North Atlantic Treaty Organization). That's a significant win and could help bolster the company's growth moving forward.Last year, Palantir saw strong revenue growth coming from both U.S. commercial customers and the U.S. government, which is its biggest customer. Where it wasn't as strong was in international markets. However, the NATO deal could be about to change things.Continue reading
Winning military deals isn't new for Palantir Technologies (NASDAQ: PLTR). The U.S. government is its largest customer, with the Department of Defense (DOD) one of its biggest benefactors.
However, Palantir's latest military deal isn't with the U.S. government; it's with NATO (North Atlantic Treaty Organization). That's a significant win and could help bolster the company's growth moving forward.
Last year, Palantir saw strong revenue growth coming from both U.S. commercial customers and the U.S. government, which is its biggest customer. Where it wasn't as strong was in international markets. However, the NATO deal could be about to change things.
