Palantir Technologies Inc. ($PLTR) rose on May 13, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Recent rally may have room to run per analysts; veteran analyst firm raised target to $230; AI/defense tailwinds
The Bull Case
Analyst target $189.46; defense/AI spending tailwinds; insider ownership 8.47%; analyst enthusiasm post-earnings
The Bear Case
Down 3.24% today; P/E 149.6x extreme; EPS only $0.89 (ttm); RSI 39.47 suggests weakness; valuation bubble risk
Price Target & What to Watch
$189.46 analyst target