Palantir Stock Got a Lift From an Army Contract. Bears Say Not So Fast.

Palantir Technologies is getting a small pushback from the Street connected its announcement yesterday relating to the U.S. Army’s enactment to modernize the mode it handles information and analytics.

Here’s the situation: In February 2020, the Army announced that Palantir (PLTR) and BAE Systems (BAESY) had been named arsenic competitors for an $823 million, seven-year programme to upgrade and regenerate components of the Army’s “Distributed Common Ground System.” Six companies had primitively submitted proposals for the program.

Palantir...