Overview

• Palantir Technologies' stock has surged nearly 60% year-to-date, driven by AI platform adoption and defense contracts.
• Bank of America raised its price target for Palantir to $150, implying a 27% upside, while Wedbush increased its target to $140.
• Former CFO Heather Planishek purchased 10,000 shares on May 8 for $1.16 million, signaling strong insider confidence in the company's future.
• Palantir recently joined the top 10 most valuable U.S. tech companies by market capitalization, surpassing Salesforce.
• Some analysts caution that Palantir's valuation, with a price-to-earnings ratio exceeding 150, may lead to potential pullbacks.