Palantir jumps after raising FY revenue forecast
** Shares of data analytics firm Palantir Technologies PLTR.N rise 12.8% to $46.71 in premarket trading
** Co expects FY24 revenue between $2.805 bln to $2.809 bln, above its prior expectation of $2.742 bln to $2.750 bln
** Q3 revenue of $725.5 mln above estimates of $701.1 mln, as per data compiled by LSEG
** Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR's partner ecosystem expansion and AIP bootcamps hit another gear - Wedbush analysts
** Brokerage says that more use cases for PLTR's portfolio are meeting rising demand for enterprise-scale generative AI solutions
** 4 of 19 brokerages rate the stock "buy" or higher, 10 "hold" and 5 "sell" or lower; their median PT is $31.50
** Up to last close, stock had more than doubled YTD
Reporting by Harshita Mary Varghese in Bengaluru
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