PLTR: Is a $200 Price Target Too conservative? 😯

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$Palantir Technologies Inc.(PLTR)$ surged to a high of $125 before retracing nearly 50% to $66, triggering a wave of bearish sentiment. Many called the move overdone and claimed the stock was destined to return to $10. But those takes have aged poorly. The stock has now reclaimed the key psychological level of $100 and is just $6 away from breaking its all-time highs.

If $PLTR can reclaim $125 and consolidate above it, we believe the next leg higher could be explosive — first targeting $170, and then potentially overshooting to $200. But here’s the twist: that $200 target may actually underestimate what’s coming.

We now expect PLTR to reach $300 by end of 2026. Here’s why:

Gov Contracts Keep Expanding: Palantir is deeply embedded in U.S. defense and intelligence, recently securing multi-year deals with the Army and allies abroad. Talks about a potential US Golden Dome contract is also underway with PLTR teaming up with SpaceX and Anduril!

Enterprise Demand Is Growing Fast: Foundry and AIP adoption across healthcare, finance, and energy is accelerating.

Palantir is transforming from a data company into the backbone of operational AI.

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TRADE PLAN for Thursday 📈

$S&P 500(.SPX)$ can gap above 5600 tomorrow after the positive reaction to $META $MSFT earnings today. SPX can run to 5670 by Friday if it holds above 5600

SPX 5640C is best above 5600

$NVIDIA(NVDA)$ gapping up to 113+ after hours. IF NVDA can hold this gap above 113 it can run another 7-10 pts higher in the next 2 weeks.

NVDA May 2 115C can work above 113

$Broadcom(AVGO)$ 200 breakout level for a move to 212,217 in May.

AVGO 205C can work above 200 over the next 2 days.

We got a positive reaction to $Meta Platforms, Inc.(META)$ and $Microsoft(MSFT)$ earnings today. We have $Apple(AAPL)$ and $Amazon.com(AMZN)$ coming up tomorrow. The market is lining up for another rally higher into the weekend. Good luck tmrw!

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