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Here is What to Know Beyond Why Palantir Technologies Inc. (PLTR) is a Trending Stock

Palantir Technologies Inc. (PLTR) has been one of the stocks most watched by users lately. So, it is worth exploring what lies ahead for the stock.

Will Palantir Be a 2023 Breakout Stock?

2022 has been a disaster for Palantir Technologies' (NYSE: PLTR) stock -- it's down 61% this year. Despite solid revenue growth, Palantir is still unprofitable, which is a red flag for many investors in times of macroeconomic uncertainty. With 2023 around the corner, could it be the year investors take notice of Palantir's stock?

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The data mining specialist will collaborate with Lockheed Martin to upgrade U.S. Navy combat systems.

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Palantir's bears have issued a $5 price target which implies another 28% downside from current levels. But the bear case seems exaggerated and has a few loopholes. Read more here.

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Palantir And Lockheed Martin Partner To Improve Navy Combat

Palantir Technologies Inc (NYSE: PLTR) and Lockheed Martin Corp (NYSE: LMT) collaborated to focus on delivering modern software to support Navy combat systems. They leveraged Lockheed Martin's deep technical experience and Palantir's Apollo platform. The collaboration focuses on driving innovation and working closely with the U.S. Navy to modernize its combat systems for the surface fleet. Also Read: Lockheed Bags Deal With Microsoft For Efficient Information Sharing With Pentagon The financial

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Palantir Announces Collaboration with Lockheed Martin Focused on Accelerating Aegis and Future Integrated Combat System Software Delivery Powered by Palantir Apollo

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