What Happened?
Shares of data analytics company Palantir Technologies (NASDAQ: PLTR) jumped 2.7% in the morning session after DA Davidson upgraded the software company to Buy from Neutral and a series of positive operational developments.
The analyst also raised the price target to $175. The upgrade followed several key announcements from the company. Palantir expanded its partnership with Nvidia to build custom sovereign AI models for U.S. government agencies.
Additionally, the U.S. Army selected Palantir Foundry as the core cloud data layer for its Next Generation Command and Control (NGC2) modernization program, which is expected to provide long-term revenue visibility. The company also deepened its commercial ties by taking a 7.4% stake in Surf Air Mobility to develop an AI-powered operating system for private aviation.
The shares were trading at $129.08, up 2.9% from the previous close.
Is now the time to buy Palantir Technologies? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Palantir Technologies’s shares are very volatile and have had 28 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was about 21 hours ago when the stock gained 9.3% on the news that the company announced a strategic AI partnership with Nvidia, while a financial disclosure revealed President Donald Trump holds a significant stake.
The collaboration with Nvidia will focus on deploying AI models for U.S. government agencies and critical infrastructure. Adding to the positive news, Palantir also announced an expanded commercial agreement with Surf Air Mobility and a contract to provide the U.S. Army with its Foundry platform. Investor sentiment was further boosted by President Trump's financial disclosure, which showed he owns at least $1 million in Palantir shares and recently purchased more.
Palantir Technologies is down 23.1% since the beginning of the year, and at $129.08 per share, it is trading 37.7% below its 52-week high of $207.18 from November 2025. Despite the year-to-date decline, investors who bought $1,000 worth of Palantir Technologies’s shares 5 years ago would now be looking at an investment worth $5,281.
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
