Palantir Technologies (PLTR) Stock Trades Up, Here Is Why
Yahoo Finance ·
Palantir Technologies (PLTR) Stock Trades Up, Here Is Why Adam Hejl Thu, July 2, 2026 at 7:24 PM EDT 2 min read PLTR SRFM NVDA 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 . 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. ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who's building AI, one company is already using it to print money. And nobody's paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won't last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice .
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