$Palantir Technologies Inc.(PLTR)$
Palantir Technologies Inc.(PLTR) Jumps +6.85%: Bounces from Support, $188 Target in Sight
Latest Close Data
Closed at $157.88 (+6.85% | +$10.12), trading ~24% below its 52-week high of $207.52.
Core Market Drivers
The strong bounce follows a multi-day pullback, likely fueled by dip-buying and ongoing institutional interest in its AI/analytics platform.
Recent market volatility has increased demand for its data-driven decision-making tools.
Technical Analysis
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Volume surged to 113M shares (VR: 2.25), confirming the rebound.
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RSI(6) spiked from oversold levels at 10.94 to 46.22, indicating strong buying momentum.
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MACD histogram turned less negative (-3.75 vs -5.33 prior), suggesting bearish momentum is weakening, though DIF and DEA remain negative.
Key Price Levels
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Primary Support: $147.74 (Previous support & today's low zone).
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Immediate Pivot: $157.88 (Today's close).
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Strong Resistance: $177.84 (Recent swing high). A break above targets the $188 area.
Valuation Perspective
Forward P/E sits at 133.89, slightly above its historical average of 132.27 but well below its +1 Std. Dev of 209.98. P/S TTM is elevated at 96.58, reflecting high growth expectations.
Analyst Targets
23 analysts have an average price target of $188.19 (upside ~19%). Sentiment is mixed: 5 Strong Buy, 5 Buy, 14 Hold, 2 Underperform, 1 Sell.
Weekly Outlook
Expect consolidation between $148-$168. A sustained close above $165 could accelerate a move toward $177 resistance. Failure to hold $148 support may retest lower levels.
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