Palantir Technologies ($PLTR) rose on April 29, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-3.07% decline; stock down 32% from peak; earnings upcoming
The Bull Case
AI-driven steelmaking partnerships (Cleveland-Cliffs); government/enterprise AI demand; upcoming earnings could be inflection
The Bear Case
Extreme valuation (P/E 213.79); down significantly from highs; RSI 43.11 shows weakness; earnings execution critical; profit-taking risk
Price Target & What to Watch
$190.48 analyst target