Palantir Technologies (PLTR) is coming back strong.
After catching support at around $75, it’s now back up to $86.24. Now, if it can break above its 50-day moving average, we’d like to see it retest $100 initially. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R.
Helping, William Blair analysts just upgraded PLTR to market perform, noting:
“We are upgrading our rating on shares of Palantir to Market Perform after the 33% DOGE-driven selloff from $125 to $84 over the past three weeks,” said William Blair analysts, as quoted by Seeking Alpha. “While valuation is still frothy with potential downside risk of greater than 40% on government contract delays, there have been positive developments.”
“William Blair expects Palantir to win a new contract with the U.S. government to implement a centralized payment tracking system to assist in overall cost-cutting strategies and the Department of Defense’s annual audit. The Denver-based company is also pursuing additional contracts with the U.S. Army.”
Earnings have been strong, too.
PLTR just posted EPS of 14 cents for the fourth quarter, which beat estimates of 11 cents. Revenue jumped 36% year over year to $828 million, which beat expectations for $%776 million. Full-year revenue jumped 29% year over year to $2.87 billion. Palantir also posted stronger-than-expected guidance. For the full year 2025, it forecast sales between $3.74 billion and $3.76 billion, beating calls for $3.52 billion.
Sincerely,
Ian Cooper
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