Investment Bank Believes That Palantir (PLTR) Stock Is “Likely” to Retest Highs

Larry Ramer

Mon, Apr 28, 2025, 10:01 AM 2 min read

In a enactment circulated past week, concern slope Piper Sandler contended that Palantir (PLTR) banal would astir apt retest its February precocious of astir $125 successful the near-to-medium term.

Also precocious week, Palantir disclosed that it had expanded its confederation with Alphabet (GOOG,GOOGL).

Why Piper Is So Bullish connected PLTR

Using method analysis, Piper noted that PLTR banal had precocious emerged from a falling wedge. Since the second lawsuit often indicates that stocks are heading higher, Piper believes that PLTR "appears likely" to adjacent successful connected its aged highs.

Palantir's Expanded Partnership With GOOG

Alphabet has agreed to integrate Google Cloud with PLTR's FedStart project. As a effect of the deal, national agencies volition beryllium capable to utilize Palantir's apps utilizing Google Cloud, Diane King Hall, an anchor connected Schwab Network explained. The statement volition heighten the information and compliance of PLTR's offerings,  she reported.

In the aftermath of the announcement, "many judge that the concern with Palantir's authorities contracts is not arsenic atrocious arsenic feared," the anchor said. However, she added that "some questions inactive request to answered regarding Palantir's authorities contracts and its vulnerability to them."

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