Palantir Stock Forecast: PLTR price surges 18% following Q3 earnings beat

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• PLTR stock has surged as much as 22% on Thursday following its Q3 earnings beat.
• Revenue and adjusted earnings in the quarter both beat consensus by a slight margin.
• Q4 outlook entices traders as revenue forecast is raised to a midpoint above $600 million.
• The artificial intelligence platform company grew its customer base by 34% from a year ago.

Palantir (PLTR) stock advanced a healthy 18% on Thursday after the artificial intelligence (AI) platform business slightly topped Wall Street consensus for the third quarter and issued an upbeat forecast for the fourth quarter. Shares rose as much as 22% in the morning session.