Palantir Technologies Inc. (NASDAQ:PLTR) stock surged in premarket trading on Monday, extending Friday’s gains as the software sector remains volatile.
Market Context
The stock rebounded Friday, closing up 4.53% at $135.90 after sliding 6.83% the previous day, as broader market recovery signals emerged across major indices.
Technical Analysis
Palantir is currently trading approximately 14.7% below its 20-day simple moving average (SMA) and 21.9% below its 100-day SMA, indicating a bearish short-term trend. Over the past 12 months, shares have increased by 16.5%, and they are positioned closer to their 52-week highs than lows, reflecting a relatively strong long-term performance.
The RSI is at 32.26, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum, indicating that traders should remain cautious.
- Key Resistance: $145
- Key Support: $119
Earnings & Analyst Outlook
Palantir Technologies Inc. is slated to provide its next financial update on May 4, 2026.
- EPS Estimate: 26 cents (Up from 13 cents YoY)
- Revenue Estimate: $1.54 billion (Up from $883.86 million YoY)
- Valuation: P/E of 215.7x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $161.33. Recent analyst moves include:
- DA Davidson: Neutral (Lowers Target to $180.00) (Feb. 3)
- Citigroup: Buy (Raises Target to $260.00) (Feb. 3)
- UBS: Neutral (Lowers Target to $180.00) (Feb. 3)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Palantir Technologies, highlighting its strengths and weaknesses compared to the broader market:
- Value: Weak (Score: 1.74) — Trading at a steep premium relative to peers.
- Growth: Strong (Score: 92.07) — Indicates robust growth potential.
- Momentum: Weak (Score: 23.6) — Stock is underperforming the broader market.
PLTR Price Action: Palantir Technologies shares were up 1.25% at $137.60 during premarket trading on Monday, according to Benzinga Pro data.
Photo by Mamun_Sheikh via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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