Palantir Technologies Inc Stock News

Palantir has all the momentum in the world right now.

Although many politicians across the United States political spectrum are active stock traders, none of them has so far bought Palantir (NYSE: PLTR) stock, at least not directly, but this might change if the shares of the big data analytics software provider join the S&P 500 index.

Nvidia and Palantir are designing solutions to increase AI software revenue.

The company's analytical capabilities have driven this stock. A high valuation leaves it vulnerable, but not necessarily from a recession.

Palantir will join the S&P 500 later this month. Just after the S&P inclusion news, affected stocks tend to outperform.

Palantir Technologies Inc.'s recent 14% rally is due to its inclusion in the S&P 500 and significant partnerships, proving AI profitability. Despite strong performance and growth, Palantir's valuation appears overstretched, leading me to downgrade from Strong Buy to Buy. Technical indicators suggest Palantir may be nearing a local top, with potential for a pull-back after approaching $40.

Palantir Technologies, Inc. (PLTR) is growing its business and shareholder wealth.

Shares of Palantir Technologies Inc. NYSE: PLTR have climbed more than 14% after the announcement that the company will be included in the rebalancing of the S&P 500 index. The announcement came after the market closed on Friday, September 6, sending the stock sharply higher.