Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) have been bouncing back, now up close to 18% in a week, and it might be a good idea to step out of the way if you're short or are hanging onto bearish put options.
Palantir (NASDAQ: PLTR | PLTR Price Prediction) and SanDisk (NASDAQ: SNDK) both posted blowout quarters, sitting on different rungs of the AI infrastructure ladder.
PLTR's Rule of 40 has more than doubled in less than two years, fueled by accelerating revenue growth and expanding profitability.
Jim Cramer opened his Mad Dash Thursday morning with a striking call. Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) is now the cheapest he has ever seen it.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) co-founder and CEO Alex Karp argued this week that generative AI sales to enterprises are structurally broken.
The software company's shares have gotten off to a strong start this month following a weak run in June.
Our Palantir (NASDAQ:PLTR | PLTR Price Prediction) call is straightforward heading into the back half of 2026: after a brutal drawdown, the stock has room to run, but not as much as the loudest bulls think.
Shares of Palantir Technologies Inc (NASDAQ:PLTR) are 4.3% higher to trade at $131.17 this morning, after D.A.
DA Davidson upgraded Palantir (NASDAQ: PLTR) to ‘Buy' from ‘Neutral' on July 2, while raising its Palantir stock price target from $165 to $175.
Palantir has suffered a massive de-rating, falling nearly 50% since its November peak, amid concerns about AI competitors encroaching on its ontology-based business model. PLTR's valuation multiple has dropped to just above 70x, well below its 5-year average, despite continued expectations for robust revenue growth and industry-leading free cash flow margins. Palantir's differentiated ontology and outcome-based pricing drive high net retention rates, with no clear evidence that AI frontier labs or big tech FDEs can replicate its enterprise moat.
Palantir stock continues to rise after bottoming at $107.27 last week. DA Davidson upgrades the stock to a Buy and sees 39% upside.
Palantir Technologies shares extended their recent rally on Thursday after DA Davidson upgraded the software company to Buy, arguing that its role as an artificial intelligence orchestration platform is becoming increasingly valuable as enterprises seek flexibility in deploying AI models. The stock rose more than 4% in premarket trading, building on an 8% gain from the previous session after Palantir unveiled a new AI partnership with Nvidia aimed at supplying advanced artificial intelligence capabilities to US government agencies.