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01.04.26 - 16:24
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Palantir Needs 60%-70% Annual Revenue Growth to Justify Its Price (24/7 Wall St.)
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Palantir Technologies (NASDAQ:PLTR) received a Hold initiation from Benchmark analyst Yi Fu Lee. The core concern: at current prices, the stock requires sustained 60% to 70% annual revenue growth to avoid potential downside. That is an extraordinarily high bar to maintain, and Benchmark is not convinced the company can clear it indefinitely. Ticker Company Firm ... Palantir Needs 60%-70% Annual Revenue Growth to Justify Its Price
The post Palantir Needs 60%-70% Annual Revenue Growth to Justify Its Price appeared first on 24/7 Wall St.....
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01.04.26 - 15:39
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Palantir Develops IRS Tool To Flag "Highest Value" Audits, Are Crypto Bros Next? (ZeroHedge)
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Palantir Develops IRS Tool To Flag "Highest Value" Audits, Are Crypto Bros Next?
Crypto bros and those of you with 'creative' accountants, heads up - the IRS is beefing up its ability to flag accounts for audits. Not only is this the first year that major US-based custodial crypto brokers are reporting gross proceeds to the agency, the IRS is getting aggressive elsewhere. Last year they paid Palantir $1.8 million to identify cases for audits, collections, and potential criminal investigations with a high probability of success. The contract was the latest in over $200 million the IRS has paid Palantir since 2014.
According to documents obtained by WIRED, the new tool - called the Selection and Analytic Platform (SNAP) - is designed to help IRS staff analyze unstructured data from the agency's existing internal databases. The goal is to more efficiently identify "high-value" targets amid the IRS's fragmented legacy systems, which include over 100 business systems and ...
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01.04.26 - 15:06
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MP rejects Palantir′s claims that criticism of NHS England deal is ′ideologically motivated′ (The Guardian)
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Head of committee says it was appropriate for government to seek guidance on way out of £330m deal with US data companyClaims by Palantir that concerns over the US data analytics company's multimillion-pound NHS contract are “ideologically motivated” have been rejected by the chair of a parliamentary committee.It was also appropriate for the government to seek guidance on activating a break contract in the deal, said Chi Onwurah, a Labour MP who heads the science, innovation and technology select committee. Continue reading......
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