financetom
Business
financetom
/
Business
/
Palantir Technologies (PLTR) Stock Soars To New All-Time High: What's Driving the Rally?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Palantir Technologies (PLTR) Stock Soars To New All-Time High: What's Driving the Rally?
Jun 11, 2025 9:08 AM

Shares of data analytics firm Palantir Technologies Inc ( PLTR ) soared to a new all-time high Wednesday, fueled by a series of positive developments over the past week.

The company’s stock has been on a remarkable run in 2025, reflecting growing investor confidence in its artificial intelligence capabilities and expanding commercial and government contracts.

What To Know: Last week, Palantir ( PLTR ) announced a significant multi-year partnership with Fedrigoni, a leading manufacturer of specialty papers. This collaboration will leverage Palantir’s AI-powered platform to accelerate Fedrigoni’s digital transformation, initially focusing on optimizing stock levels and improving demand forecasting. This deal underscores Palantir’s increasing traction in the commercial sector.

Adding to the bullish sentiment, Bank of America strategist Michael Hartnett recently included Palantir ( PLTR ) in his “bro billionaire” stock basket, a collection of tech-heavy names that have performed exceptionally well.

Read Also: Palantir ( PLTR ) CEO Warns US-China AI Race Will Have One Winner, Urges West To Keep Up

Amidst the positive news, Palantir ( PLTR ) CEO Alex Karp has been vocal, recently commenting on the critical nature of the AI race between the U.S. and China, while also vehemently denying reports of the company’s involvement in unlawful surveillance.

What Else: In its most recent earnings report last month, Palantir ( PLTR ) revealed a 39% year-over-year increase in its customer count and raised its full-year guidance for U.S. commercial revenue, adjusted income from operations and adjusted free cash flow.

Also, despite increasing their price target on Palantir ( PLTR ) to $116 from $94, Mizuho has reportedly reiterated its Underperform rating Wednesday.

Price Action: According to Benzinga Pro, Palantir's ( PLTR ) stock hit a new all-time high of $139.20 in Wednesday morning. The stock is trading up 4.05% at $138.19.

Read Also: Fedrigoni Taps Palantir Partner To Boost Demand Responsiveness Dynamics With AI

How To Buy PLTR Stock

By now you're likely curious about how to participate in the market for Palantir Technologies ( PLTR ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Palantir Technologies ( PLTR ), which is trading at $137.22 as of publishing time, $100 would buy you 0.72 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, PLTR has a 52-week high of $139.20 and a 52-week low of $21.23.

Image: Shutterstock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India is the place to be for many German companies, says SAP CEO
India is the place to be for many German companies, says SAP CEO
Feb 27, 2023
SAP's CEO, Christian Klein, expressed his confidence in India's economy and emphasized the importance of the country as a market. In a statement, he said, "India is a very important market, it is the place to be." He also stated that he is very optimistic about the future calls of India's economy and investments from Germany.
Truecaller for Business launches new key features to enhance communication capabilities—check details
Truecaller for Business launches new key features to enhance communication capabilities—check details
Feb 22, 2023
The new features and updates include Business Profile, Call Me Back Feature and User Feedback capabilities, designed to cater to the evolving needs of enterprises and strengthen Truecaller’s current enterprise offering. With these new capabilities, enterprises can enhance brand identity, identify interested customers clearly and get efficient customer feedback.
IT ministry gives 48 hours to banned websites, apps to prove genuineness
IT ministry gives 48 hours to banned websites, apps to prove genuineness
Feb 9, 2023
The Ministry of Electronics and Information Technology (MeitY) last week ordered blocking of 232 apps, based on an emergency request issued by a nodal officer of the home ministry, against 138 betting and gambling websites and 94 loan apps that were engaging in illegal money laundering and posing a threat to financial security of the country.
Foxconn Chairman Young Liu meets PM Modi for second time in 8 months
Foxconn Chairman Young Liu meets PM Modi for second time in 8 months
Mar 1, 2023
Recently, a joint venture between Vedanta and Foxconn had finalised the Dholera Special Investment Region near Ahmedabad as the location for setting up India's first semiconductor plant.
Copyright 2023-2026 - www.financetom.com All Rights Reserved