PLTR Sets New Record as Investors Brace for Geopolitical Fallout
Shares of Palantir Technologies (PLTR) increased almost 3% on Monday, closing at $141.41, the highest level ever recorded on Friday. The action coincided with broader increases for U.S. markets, as investors closely monitored the most recent developments in the Israel-Iran crisis, with the major indexes recovering from Friday’s losses.
Loop Capital: Palantir Could Break Records—If You Believe in the Vision
Palantir was referred to as a runaway freight train that would never return by Loop Capital analysts last week. According to Visible Alpha, they also increased their price target for the stock to $155, which is far higher than the Wall Street consensus of $95.
We acknowledge that PLTR is not for the faint of heart. We think the key to owning PLTR here is that you need to buy into the big picture.
Loop Capital analysts
Palantir Surges as Foundry Software Gains Traction in U.S. Federal Agencies
Due in part to Palantir’s growing relationship with the U.S. government under the Trump administration, the company’s shares have soared by about 90% this year. Reports state that at least four federal departments, including the Department of Homeland Security and the Department of Health and Human Services, have implemented the Palantir software platform known as Foundry.
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