With PLTR surging 7% to a record high and ongoing talks with major government agencies like the IRS and Social Security Administration, I believe Palantir is quietly cementing its position as the governmentās go-to AI/data infrastructure partnerāregardless of whoās in office. That said, if Trump returns, his administrationās preference for private sector-driven efficiency and defense tech could fast-track even more contracts Palantirās way.
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Top S&P 500 Performer Again? š
Can Palantir become the #1 S&P 500 performer again? Itās not impossible. If the government deals materialize and commercial adoption of their Foundry and AIP platforms keeps accelerating, PLTR could experience another explosive leg up. But this would depend on how well they manage margins and scale internationally.
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My Trading View: Rangebound = Opportunity š¼š
From my humble perspective, Palantir is currently rangebound, and thatās ideal for options trading. Hereās how Iām approaching it:
⢠When PLTR is above $130, I sell cash-secured puts at lower strike prices to collect premium.
⢠Around $120, Iām comfortable buying the stock, and then selling covered calls on itāeffectively turning the volatility into income.
This approach lets me stay engaged with the stock while keeping downside risk managed and premiums flowing in.
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My Target Price šÆ
Short-term, Iām eyeing $140+, assuming continued momentum and contract announcements. Long-term? If Palantir scales its AI platform successfully across governments and Fortune 500s, I could easily see it trading in the $160ā$180 range in the next 12ā18 months. Iām bullish but cautiousātiming is key in this AI-driven rally
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