PLTR Recovers 5.2% but Remains 31% Below 52-Week High

$Palantir Technologies Inc.(PLTR)$

Palantir Technologies Inc.(PLTR) Bounced +5.16%: AI Leader Reclaims Key Support, Momentum Shifts Neutral

Latest Close Data

Closed at $142.91 on 2026-02-10, up +5.16% ($7.01). Price remains 31.1% below its 52-week high of $207.52.

Core Market Drivers

No major company-specific news was the primary driver today.
The strong rebound appears to be a technical bounce from oversold conditions, potentially fueled by renewed interest in AI/software names amid a broader market rotation.
Persistent institutional ownership (Vanguard, BlackRock) provides underlying stability.

Technical Analysis

Volume was moderate at 58M shares (Volume Ratio 0.64).
The MACD histogram improved to -4.57 (DIF: -10.33, DEA: -8.04), showing bearish momentum is decelerating but remains negative.
The 6-day RSI jumped from 31.3 to 42.6, exiting oversold territory and signaling a shift in short-term momentum.

Key Price Levels

* Primary Support: $135.92 (previous support, tested successfully today).

* Immediate Pivot: $142.91 (today's close). Holding above $140 is crucial for further upside.

* Strong Resistance: $177.92 (key technical hurdle from recent highs).

Valuation Perspective

Forward P/E of 108.93 is below its 1-year average of 131.60 and significantly below the +1 Std. Dev. of 209.40, suggesting recent pullback has improved valuation relative to its own history, though still rich on an absolute basis (P/S TTM: 76.11).

Analyst Targets

23 analysts have an average price target of $190.10 (33% upside). Sentiment is mixed but leans positive: 5 Strong Buy, 5 Buy, 14 Hold, 3 Sell/Underperform.

Weekly Outlook

Expect consolidation between $136 (support) and $150 (initial resistance). A sustained break above $150 could target $160-$165. Failure to hold $136 may lead to a retest of $130.

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