On March 18, we noted that, “Palantir Technologies (PLTR) is coming back strong. After catching support at around $75, it’s now back up to $86.24. Now, if it can break above its 50-day moving average, we’d like to see it retest $100 initially. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R.”
At the time, PLTR traded at about $86. Today, it’s up to $141.68 and could push even higher.
Fueling upside, the company was just awarded a $795M U.S. Army modification to contract for Maven Smart System software licenses. Also, The New York Times reported that Palantir could be tapped to handle Trump’s executive order that called for the federal government to merge information and data across its agencies.
Plus, analysts at Wedbush love the stock.
In late May, Wedbush reiterated an outperform rating on the stock with a $140 price target. The firm added that Palantir is a significant player in the U.S. government.
“Palantir remains one of our top names to own in 2025 and this deal represents another opportunity for PLTR to capitalize on while continuing to generate unprecedented traction for its entire portfolio across the federal and commercial landscapes,” said Wedbush analysts.
Loop Capital just raised its price target on PLTR by $25 to $155 with a buy rating. The firm cited PLTR’s potential in the growing enterprise artificial intelligence market. Mizuho analysts also raised their price target on PLTR to $116 a share.
Sincerely,
Ian Cooper
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