Palantir Technologies, Inc (NYSE: PLTR) opened slightly lower Monday, but the bulls came in and bought the dip, causing the stock to pop up toward Friday’s all-time-high of $85.22.
The big data analytics company has surged heading into its fourth-quarter earnings print, gaining over 30% since Jan. 13, partly due to a heightened level of interest in the AI sector and U.S. President Trump’s AI investment focus.
When Palantir reports earnings after the market close, analysts, on average, estimate the company will report EPS of 11 cents on revenue of $775.91 million.
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On Nov. 4, after Palantir printed third-quarter earnings, the stock gapped up the following day and continued in its strong uptrend, reaching a high of $84.80 on Dec. 24. For that quarter, Palantir beat on both the top and bottom line, reporting earnings of 10 cents, ahead of the estimate of 9 cents per share. The company printed revenues of $725.52 million, beating the consensus estimate of $705.11 million.
While Palantir’s chart is bullish, not all analysts are positive on the stock. Jefferies analyst Brent Thill pointed out that Palantir’s valuation remains high, with the stock valued at 50 times its expected revenue over the next 12 months, according to TipRanks. Thill has an Underperform rating on the stock and a $28 price target.
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The Palantir Chart: After a brief selloff between Dec. 24 and Jan. 13, Palantir entered into a strong uptrend, making a consistent series of higher highs and higher lows. The most recent higher low was formed on Jan. 27 at $72.67 and the most recent confirmed higher high was printed at the all-time high on Friday.
- If Palantir receives a bullish reaction to its earnings print and breaks to blue skies on Tuesday, Monday’s intraday low will serve as the next lower high within the uptrend. If the stock suffers a bearish reaction to the news, the double top pattern formed on Dec. 25 and Friday will confirm, and if Palantir drops under $72.67, the uptrend will be negated.
- Palantir is trading above the eight-day exponential moving average (EMA), with the eight-day EMA trending above the 21-day, which is bullish. On Monday, the stock briefly dipped under the eight-day EMA but held above that area intraday.
- Bullish traders want to see Palantir fly into blue skies, where there’s no resistance above in terms of price history. If that happens, Palantir’s relative strength index (RSI) is likely to reach overbought territory, which could indicate a subsequent pullback is on the horizon.
- Bears want to see Palantir negate its uptrend, which could cause the stock to fall under the 50-day simple moving average, indicating a longer period of downward pressure could be in the cards.
- The stock has resistance above at the all-time high and support below at $76.10 and at $67.88.

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