$Palantir Technologies Inc.(PLTR)$ recently retested the $100 level multiple times and held strong, showing clear demand at that psychological zone. A break above $142 could trigger the next leg higher, potentially sending PLTR toward the much-talked-about $200 level.
Yes, valuation concerns are valid, but we’ve seen this narrative before. Think $Tesla Motors(TSLA)$ in its early breakout stages: plenty of skeptics, but price ignored the noise and kept running. Palantir might be setting up for something similar.
Our initial target remains $200 — but based on current strength, the deals in the pipeline, and the AI narrative expanding globally, that might end up being too conservative.
Some Key Drivers Behind the Momentum
The $795M Pentagon Contract Extension: Palantir's Maven Smart System contract was recently extended, bringing the total value to over $1.3 billion. This system is integral to the Pentagon's AI-driven data integration efforts.
NATO Partnership: NATO has adopted Palantir's AI-powered Maven system to enhance military operations, marking a significant endorsement of Palantir's technology on the global stage.
Controversial National Citizen Database: Reports indicate that the Trump administration has contracted Palantir to develop a comprehensive database containing personal information of U.S. citizens, including medical and financial records. This move has sparked privacy concerns and political backlash.
Enterprise Demand: Palantir's Foundry and AIP platforms are seeing increased adoption across sectors like healthcare, finance, and energy, positioning the company as a backbone for operational AI in various industries.
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