Palantir shares jumped 23% in extended trading on Monday after the analytics software company’s fourth-quarter revenue and 2025 outlook exceeded Wall Street expectations. The stock is now set to stage a breakaway gap above an ascending triangle, with a potential upside target of around $170.
The company’s strong fourth-quarter results were driven by robust demand for its artificial intelligence platform, which generated over 40% of its sales from the US government. Palantir also reported that commercial sales are expected to grow at least 54% in 2025, driven by enterprises’ adoption of generative AI technology.
The Trump administration’s possible tariffs on imports could also boost demand for Palantir’s analytics services, which help companies manage supply-chain and logistics decisions. As a result, the stock has risen five-fold over the past 12 months amid growing demand for its AI-powered software offerings.
Key support levels to watch include $85 and $66, where investors may see buying interest on retracements or encounter support near key price points. A break above these levels could lead to further gains, while a reversal at these levels could signal a decline in the stock’s uptrend.
Investors should monitor Palantir’s chart for any signs of weakness or potential reversal, but overall, the company’s strong results and growing demand for its AI platform suggest a bullish outlook for the stock.
Source: https://www.investopedia.com/watch-these-palantir-price-levels-as-stock-jumps-on-ai-fueled-revenue-outlook-q4-earnings-8785402