Kritika Sarmah
2 min read
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Palantir Technologies Inc. (PLTR), headquartered in Denver, Colorado, has a market cap of $330.2 billion and specializes in developing advanced software platforms for government and commercial clients. The company plays a key role in supporting counterterrorism efforts and intelligence operations across the United States, the United Kingdom, and other global markets.
Companies worth $200 billion or more are generally described as “mega-cap stocks,” and PLTR perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the software infrastructure industry.
PLTR touched its 52-week high of $144.86 on Jun. 16, and it's currently trading 1.1% below the peak. PLTR stock surged 48% over the past three months, outperforming the broader Dow Jones Industrial Average’s ($DOWI) 1.2% rise during the same time frame.
Shares of PLTR have surged 492.8% over the past 52 weeks, substantially outperforming $DOWI’s 9.3% return over the last year. Moreover, in 2025, PLTR shares have grown 89.4%, outperforming $DOWI’s 1.3% rise.
PLTR has been trading above its 200-day moving average for the past year and has stayed above its 50-day moving average since the end of April, indicating an uptrend.
On June 16, Palantir shares rose over 3%, driven by renewed Wall Street interest and potential tailwinds from rising geopolitical tensions in the Middle East. Analysts remain optimistic about the company's long-term prospects, particularly in the field of enterprise AI, although valuation concerns persist. Loop Capital’s Mark Schappel reaffirmed a “Buy” rating and raised his price target to a Street-high of $155, citing early-stage growth potential in Palantir’s enterprise AI offerings.
Its rival, Microsoft Corporation (MSFT), has lagged behind, with its shares rising 16.3% on a YTD basis and 9.5% over the past 52 weeks.
However, among the 19 analysts covering the PLTR stock, the consensus rating is a “Hold.” The stock is currently standing above its mean price target of $104.94.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
