Palantir Technologies (PLTR) is today’s stock to watch as momentum builds behind one of the most resilient rallies in the AI space.
The old saying goes “If you can’t beat ’em… join ’em” and that’s exactly what Wall Street analysts are starting to do.
The stock just received its second Wall Street upgrade in as many days, an abrupt shift after more than a year of bearish analyst sentiment.
Palantir’s rise to $150 has been one of the most hated rallies on Wall Street. Analysts largely ignored the upside, clinging to valuation concerns even as Palantir emerged as a dominant AI services player.
But the tide is turning. The recent upgrades suggest that the analyst community is beginning to capitulate, finally recognizing the strength of the underlying trend.
Palantir earnings are due in about a month, and the recent analyst moves appear to be pre-positioning for another strong report.
The last several quarters have shown consistent revenue growth and profitability. Accelerating government and commercial contracts continue to roll in and provide a key catalysts that should push shares to new highs.
Technically, Palantir is trading above both its rising 50-day and 200-day moving averages, confirming a strong long-term uptrend.
The stock saw a healthy 14% pullback in late June, offering a textbook dip-buying opportunity before resuming higher. That correction reset short-term sentiment and relieved overbought conditions.
Now shares are coiling just beneath the $148 resistance level. A decisive breakout above that zone would trigger the next leg higher, with a 3–6 month technical target of $175 in play.
Bottom Line: Palantir is back in the spotlight as Wall Street shifts from denial to acceptance. With bullish technicals, rising sentiment, and earnings on deck, the stock looks poised to confirm its leadership role in the AI infrastructure boom.
— Chris Johnson
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Source: Money Morning
