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Shares of Palantir Technologies Inc. (NYSE: PLTR) kicked off the week on a strong note, gaining 5.02% during morning trading on Monday, despite the broader market falling by 0.20%.
There were few better stocks to own in 2024 than Palantir (PLTR 4.33%). It rose 341% in just a year, and 2025 hasn't been so bad, either.
Palantir Technologies Inc could actually be in line for a boost from government efforts to cut spending and ramp up efficiency, Wedbush analysts have predicted. Despite recent pressure on its share price, analysts noted the software firm's “value proposition” could see it gain more deals as Trump and Musk tighten the purse strings.
Palantir (NASDAQ: PLTR) is exhibiting strength as investors react positively to Wall Street's latest endorsement of the company's role as a key Department of Defense contractor.
Zacks.com users have recently been watching Palantir Technologies (PLTR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In recent days, shares of several major defense companies have experienced significant declines, mirroring broader market sell-offs. The downward pressure on leading technology and defense stocks like Palantir and Axon Enterprise appears to be driven by a combination of escalating recession fears and a risk-off approach in the markets, trade war concerns, and a newly announced budget-cutting initiative by the U.S. Department of Defense (DoD).
Palantir Technologies stock returned 240% in the past year, bringing its market value to $199 billion as of March 2. But certain Wall Street analysts think Shopify (SHOP 1.06%) and Advanced Micro Devices (AMD 0.35%) will top that figure within a year.
After the U.S. presidential election, Palantir Technologies (PLTR 0.18%) stock soared about 200%. But since hitting its all-time high on Feb. 19, the stock is down over 30%.
In 2024, data analytics firm Palantir Technologies (PLTR 0.18%) was one of the top performers in the S&P 500 (SNPINDEX: ^GSPC), with its shares gaining more than 340%. After such a meteoric rise, you might think that Wall Street analysts would advise shareholders to trim their positions and lock in some gains.
For much of the last year, any time investors got news related to Palantir Technologies (PLTR 0.18%), that news was overwhelmingly positive. In 2024, the data analytics specialist's stock was the top performer in the S&P 500 (SNPINDEX: ^GSPC).