Palantir Technologies Inc (NASDAQ:PLTR) shares are trading higher. A fresh analyst initiation came in on Thursday with an upbeat view of the company.
Analyst Sees Upside For PLTR Stock
Phillip Securities analyst Paul Chew began coverage on Palantir with a Buy rating and a $208 price target, pointing to strong momentum across Palantir's business.
The firm expects Palantir's revenue to jump 47% year-over-year to $4.2 billion in FY25, with commercial sales growing even faster at 51%, outpacing the 43% growth projected for government contracts, Investing.com reported.
Phillip Securities also sees net profit nearly doubling in FY25, helped by a sharp acceleration in U.S. revenue, which is forecasted to climb 66% year-over-year. The firm cites rising government demand amid geopolitical tensions, increased intelligence spending, and U.S. commercial deal values that roughly doubled in the third quarter of 2025.
Palantir has a consensus Neutral rating with an average price target of $163.08, according to Benzinga data.
The broader market movement also appears to be driving positive sentiment. Traders are likely encouraged by the positive momentum in technology stocks, which have been gaining traction.
Palantir stock is currently trading 6.8% below its 20-day simple moving average (SMA) and 6.8% below its 100-day SMA, indicating some short-term weakness despite a longer-term bullish trend. Over the past 12 months, shares have surged 115.23%, reflecting substantial growth, and they are currently positioned closer to their 52-week highs than lows.
The RSI is at 35.38, suggesting neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. This combination of a neutral RSI approaching oversold territory and bearish MACD suggests mixed momentum, reflecting the stock’s current indecisiveness in direction.
- Key Resistance: $187.50
- Key Support: $148.00
Investors are looking ahead to the company’s next earnings report on Feb. 2, 2026, with analysts expecting earnings per share of 21 cents, up from 14 cents in the same quarter last year. Revenue for the quarter is expected to come in at $1.33 billion.
PLTR Price Action: Palantir shares were up 0.22% at $165.70 at the time of publication on Thursday, according to Benzinga Pro.
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