Palantir's Defense Momentum Boosts Stock

0:00It's March 24. This is Durham News Today, driven by AI. Palantir Technology Stock is getting a timely boost from Washington. The Pentagon announced plans to designate the company's Maven Battle Management System as a formal program by the end of this fiscal year. That shift promises steadier funding and a bigger role in military operations, like intelligence and targeting. Shares are now testing key support near the 20-day and 200-day exponential moving averages, both around $151 and, sloping upward. Maven supports battlefield awareness and decision-making, with future contracts moving to the Army. Back in May 2025, the Army added a $795 million contract extension. Palantir also secured a multi-year enterprise deal worth up to $10 billion, expanding its defense presence. The company crush its numbers in the fourth quarter of 2025, posting $1.407 billion in revenue.

1:00U.S. commercial sales surged 137% year over year. Full-year revenue reached $4.475 billion, showing solid growth across the board, analysts largely see upside. UBS lifted its price target to $200 and kept a buy rating. Piper Sandler raised theirs to $230 with an overweight call. Rosenblatt went to $200 buy, while Deutsche Bank edged up to $200, but stuck with hold, citing high valuation. This mix of defense momentum and improving charts has palantir at a crossroads, poised for a potential breakout above $180. Resistance or dip to lower supports around $125.