Palantir extended its rally to record highs on renewed conviction around its sovereign AI strategy, reinforced by a Goldman Sachs upgrade to Buy with a $230 target. The company posted Q2 revenue up 93% YoY and raised full-year guidance, fueling investor optimism ahead of the Nov 9 Q3 results, which could validate or challenge the momentum.
Goldman Sachs upgraded Palantir to Buy, citing expanding sovereign AI demand and custom-built applications that could enlarge its addressable market. The upgrade reinforces recent earnings momentum, though investors remain cautious about whether growth can sustain Palantir's premium valuation amid valuation concerns.
Palantir faces renewed UK political risk as Labour-linked lobbying surfaces around its £330m NHS England data platform contract. The break clause in Feb 2027 and protests over Palantir’s Gaza and immigration work heighten scrutiny of public-sector opportunities, including MoD and police work. A potential deal scrap could pressure UK revenue and sentiment, shaping Palantir's UK exposure and valuation.
More than 44,000 formal objections to NHS England's FDP using Palantir AI have raised regulatory and reputational risk for PLTR. The NHS deal is valued at £330 million over seven years with a break clause in February 2027, intensifying scrutiny. Protests reference Palantir’s Gaza/IDF ties, while NHS maintains data stays in the UK and under control.
Palantir cleared the $188 resistance and held it as support, signaling a breakout. The stock’s 50/200-day golden cross reinforces the early uptrend, with the next hurdle near $199 and potential move toward the all-time high of $207.52 if momentum persists. Bullish RSI and MACD readings suggest continued upside in the near term.
Palantir triggered a Power Inflow intraday signal from TradePulse at $170.65, with buy-side order flow pushing the stock to a 2:30 PM EST high of $176.59. This showcases short-term momentum for active traders, though it does not imply a fundamental shift. Investors should monitor volume sustainability and potential reversals for a clearer longer-term read.