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Veteran trader who correctly predicted Palantir's rally unveils new price target

TheStreet
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Palantir CEO Alex Karp is worth an estimated $3.6 billion , according to Forbes magazine.

The data analysis software provider joined the S&P 500 recently.

Forbes said that despite it requiring more money than ever to make the list, " 23 billionaires were able to elbow their way into the ranks this year ".

Palantir and APA Corp. recently announced a multi-year , multi-million-dollar extension to their enterprise agreement originally signed in 2021 .

The company is expected to report third-quarter results in November .

Analysts are looking for adjusted earnings of 9 cents per share on revenue of $703.7 million .