Shares of Palantir Technologies (PLTR), a company specialising in big data analytics software, have become one of the stock market’s standout performers at the start of this spring.

While the closing price on the last trading day of February was around $137, during yesterday’s session the stock climbed to $155.

Why Is PLTR Rising?

The stock’s strong performance is driven by a combination of fundamental factors, including:

→ Competitors’ problems at the Pentagon: News about temporary restrictions placed on the AI start-up Anthropic in its work with US government agencies has strengthened Palantir’s position as a reliable partner.

→ Use in the Middle East conflict: Analysts at Baird highlighted this week the ability of Palantir’s systems to operate in real time and deliver predictive analytics on the battlefield.

→ Higher price targets: Several agencies (including Zacks and Trefis) have raised their forecasts for PLTR shares amid expectations that revenue growth could reach around 78% by the end of the year.

In addition, technical factors are also playing a role.

Technical Analysis of the Palantir Technologies (PLTR) Share Price

In November 2025, we noted that the chart had taken on a bearish tone and that the $190–200 zone could act as resistance. Indeed, in December PLTR shares made a bearish reversal from that area and fell to around $130 in less than two months, breaking support near $166 (which later turned into resistance).

New data now makes it possible to outline a broader ascending channel. In this context, the price formed a bullish inverted head-and-shoulders pattern (H&S) near the lower boundary in February.

The bullish gap around the $139 level appears to represent a breakout above the neckline of the pattern, while the surge in trading volume highlights the strength of demand.

Considering that the stock has risen by more than 10% over the past week, it may now be regarded as technically overbought, making a short-term pullback a reasonable expectation.

From a broader perspective, however, the bulls’ attempt to resume the long-term upward trend in PLTR shares may ultimately prove successful.

Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.