Weekly Recap | Palantir Tech +6.77%, closing in on record highs
Weekly Review·- Palantir shares rose 6.77 % this week to close at 189.67 USD, outperforming the S & P 500 amid focus on federal AI deployments and strong commercial demand. - Institutional ratings remain largely positive with a consensus buy and a target price of 195.57 USD, despite divisions highlighted by short positions and high valuation multiples. - Future performance will depend on the realization of government and commercial orders as well as the sustainability of high valuations amid rising interest rates.