This article first appeared on GuruFocus.

Palantir Technologies (NASDAQ:PLTR) shares rose 5% Monday after Oppenheimer reaffirmed its Outperform rating and maintained a $200 price target ahead of the company’s second-quarter earnings report.

Oppenheimer said Palantir could exceed second-quarter revenue expectations and raise its full-year outlook, supported by continued demand for its artificial intelligence software from both U.S. government agencies and commercial customers. The firm’s price target implies notable upside from the stock’s recent closing price.

Palantir is scheduled to report second-quarter results on Aug. 3. The company entered the second half of the year after posting record…