Cryptocurrency punters are growing optimistic that Palantir Technologies, Inc. will hit $150 and beyond this month, following the company’s blowout second-quarter results and raised outlook.

Palantir (PLTR) options traders are pricing in a move of about $14.04 after the AI software company reports earnings on August 3. With the stock...

Palantir stock has dropped substantially this year, with several valuation metrics showing that it is highly undervalued as earnings loom.