PLTR is trading at $138.37 (+3.42%), boosted by a significant analyst upgrade and positive broader market sentiment from easing geopolitical tensions.
- Argus upgraded Palantir to a "Buy" rating from "Hold" and raised its price target to $190, citing rising demand and accelerating growth following a strong Q1 report.
- The broader market also rose on reports of progress in US-Iran de-escalation talks, reducing global market uncertainty.
- The move follows a strong Q1 earnings report on May 4 where the company beat estimates and raised its full-year guidance.