PLTR
Why PLTR is suddenly back on everyone’s screen
Palantir shares popped in premarket trading Thursday after DA Davidson said, in effect, “yeah, we like this one now,” upgrading the software name to Buy and hiking its price target to $175. That’s the kind of note that can wake up a stock before your coffee does.
More than just an analyst flex
The move didn’t happen in a vacuum. CEO Alex Karp spent time on CNBC swiping at token-based pricing models from frontier AI labs, arguing that enterprises don’t want to hand over their intellectual property just to get access to shiny AI tools. In Palantir-land, that’s basically the company’s whole pitch: keep the data, keep the control, keep the crown jewels.
The Nvidia cameo
Nvidia also gets a mention because Palantir expanded its partnership with NVDA this week to build custom AI models for U.S. government agencies. That helps feed the broader AI-sovereignty storyline, but the thing pushing shares today is still the DA Davidson upgrade — not a sudden GPU soap opera.
Big picture
For investors, the takeaway is pretty simple: Palantir is still trading like a stock with a loud narrative and a lot of believers. When a buy-rated analyst note lands on top of an AI-control story that management keeps hammering, the market tends to lean in rather than look away.