Palantir Technologies, Inc. ( PLTR ) shares are trading mostly flat as the company prepares to host its fifth AIPCon on Thursday. 

The Details:

Palantir ( PLTR ) describes its AIPCon events as conferences where customers participating in Palantir AIP Bootcamps showcase their work in Palantir's ( PLTR ) Artificial Intelligence Platform (AIP). The company said more than 100 organizations will be at the latest AIPCon, including The National Geospatial-Intelligence Agency, Aramark, Bp, Associated Materials and more. AIPCon will be available via live stream on Thursday, beginning at 12:40 p.m. ET. 

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Palantir ( PLTR ) shares have climbed more than 15% this week after it was announced last Friday that the company will be included in the S&P 500 index beginning on Sept. 23. 

B of A Securities analyst Mariana Perez maintained a Buy rating on the stock Buy and raised the price target from $30 to $50 on Tuesday.

"We think that becoming a member of the S&P 500 could be highly beneficial to PLTR's stock volatility. We think that the inclusion would attract more institutional investors, both passive and active," wrote Perez. 

PLTR Stock Prediction 2024:

Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.

Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Palantir Technologies ( PLTR ), an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Palantir Technologies ( PLTR ), the 200-day moving average sits at $23.38, according to Benzinga Pro, which is below the current price of $34.94. For more on charts and trend lines, see a description here.

Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.

PLTR Price Action: According to Benzinga Pro, Palantir Technologies ( PLTR ) shares are up 0.24% at $34.92 at the time of publication Thursday.

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