Palantir (PLTR) shares closed higher on Friday after a senior Wedbush analyst, Dan Ives, said the data analytics firm will exceed $1 trillion in market cap within the next three years. Ives’ bullish remarks arrive only days after the Denver-headquartered firm reported a blowout Q2 and raised its full-year guidance,

With such a strong performance, investors may be wondering if the momentum can continue, or if it is too late to buy the stock. Let's take a closer look at its Q2 results and prospects to find out. For the eighth straight quarter,

Palantir Technologies ($PLTR) recently reached a new 52-week high as investor enthusiasm soared after the company’s blowout Q2 results.