--- title: "Why Is Palantir Stock Gaining Monday?" description: "Palantir Technologies Inc. (PLTR) stock surged in premarket trading on Monday, continuing Friday's gains amid a volatile software sector. The stock closed up 4.53% at $135.90 on Friday, rebounding fro" type: "news" locale: "en" url: "https://longbridge.com/en/news/275334414.md" published_at: "2026-02-09T14:32:52.000Z" --- # Why Is Palantir Stock Gaining Monday? > Palantir Technologies Inc. (PLTR) stock surged in premarket trading on Monday, continuing Friday's gains amid a volatile software sector. The stock closed up 4.53% at $135.90 on Friday, rebounding from a previous decline. Analysts note a significant selloff in the software market, with Palantir trading below its moving averages, indicating a bearish trend. The company is set to report earnings on May 4, 2026, with estimates showing growth in EPS and revenue. The stock currently holds a Hold rating with an average price target of $161.33. **Palantir Technologies Inc.** (NASDAQ:PLTR) stock surged in premarket trading on Monday, extending Friday’s gains as the software sector remains volatile. ## **Market Context** The stock rebounded Friday, closing up 4.53% at $135.90 after sliding 6.83% the previous day, as broader market recovery signals emerged across major indices. **Wedbush** analyst **Dan Ives** told Bloomberg on Thursday that Wall Street is experiencing an unprecedented software selloff, calling it “unlike anything” he’s seen in 25 years. The market is punishing companies like **Salesforce Inc.** (NYSE:CRM), **ServiceNow Inc.** (NYSE:NOW) and **Microsoft Corp.** (NASDAQ:MSFT) “as if they are no longer relevant in the AI age,” Ives said. ## Technical Analysis Palantir is currently trading approximately 14.7% below its 20-day simple moving average (SMA) and 21.9% below its 100-day SMA, indicating a bearish short-term trend. Over the past 12 months, shares have increased by 16.5%, and they are positioned closer to their 52-week highs than lows, reflecting a relatively strong long-term performance. The RSI is at 32.26, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum, indicating that traders should remain cautious. - **Key Resistance**: $145 - **Key Support**: $119 ## Earnings & Analyst Outlook Palantir Technologies Inc. is slated to provide its next financial update on May 4, 2026. - **EPS Estimate**: 26 cents (Up from 13 cents YoY) - **Revenue Estimate**: $1.54 billion (Up from $883.86 million YoY) - **Valuation**: P/E of 215.7x (Indicates premium valuation) **Analyst Consensus & Recent Actions:** The stock carries a **Hold** Rating with an average price target of **$161.33**. Recent analyst moves include: - **DA Davidson**: Neutral (Lowers Target to $180.00) (Feb. 3) - **Citigroup**: Buy (Raises Target to $260.00) (Feb. 3) - **UBS**: Neutral (Lowers Target to $180.00) (Feb. 3) ## Benzinga Edge Rankings Below is the Benzinga Edge scorecard for Palantir Technologies, highlighting its strengths and weaknesses compared to the broader market: - **Value**: Weak (Score: 1.74) — Trading at a steep premium relative to peers. - **Growth**: Strong (Score: 92.07) — Indicates robust growth potential. - **Momentum**: Weak (Score: 23.6) — Stock is underperforming the broader market. **PLTR Price Action:** Palantir Technologies shares were up 1.25% at $137.60 during premarket trading on Monday, according to Benzinga Pro data. *Photo by Mamun\_Sheikh via Shutterstock* ### Related Stocks - [SRVR.US - Pacer Data & Infrastructure Real Estate ETF](https://longbridge.com/en/quote/SRVR.US.md) - [DTCR.US - Global X Data Center & Dgtl Infrs ETF](https://longbridge.com/en/quote/DTCR.US.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) - [PLTU.US - Direxion Daily PLTR Bull 2X Shares](https://longbridge.com/en/quote/PLTU.US.md) - [PLTR.US - Palantir Tech](https://longbridge.com/en/quote/PLTR.US.md) - [PLOO.US - Leverage Shares 2x Cpd Acclrtd PLTRMnETF](https://longbridge.com/en/quote/PLOO.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) - [XDAT.US - Franklin Exponential Data ETF](https://longbridge.com/en/quote/XDAT.US.md) - [DAT.US - Proshares Big Data Refiners ETF](https://longbridge.com/en/quote/DAT.US.md) - [PSI.US - Invesco Semiconductors ETF](https://longbridge.com/en/quote/PSI.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Palantir's stock nabs another upgrade, with its valuation now less of a 'struggle' | Palantir Technologies' stock has received an upgrade from UBS analysts, who now rate it as a buy, citing improved valuat | [Link](https://longbridge.com/en/news/277245978.md) | | Palantir Technologies Executives Sell Shares Worth Over $5.5 Million | Palantir Technologies executives sold shares worth over $5.5 million. 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