Palantir Technologies Inc. (NASDAQ:PLTR) shares are in the spotlight Monday, with earnings on deck, recent analyst activity, a technical setup that remains under pressure and Edge Rankings all drawing attention.
- Palantir shares are trending higher. Why is PLTR stock trading higher?
Earnings Preview & History
Palantir is scheduled to report second-quarter earnings on August 3. Analysts estimate EPS of 35 cents along with revenue of approximately $1.8 billion. For the prior quarter, Palantir reported EPS of 33 cents, beating the consensus estimate of 28 cents. The company also posted revenue of $1.633 billion, exceeding the consensus estimate of $1.54 billion.
Palantir has beaten EPS estimates in each of its last four quarters. The company raised its full-year 2026 revenue guidance last quarter to a range of $7.650 billion to $7.662 billion, implying 71% year-over-year growth, up from prior guidance of 61% growth.
Closer to Its 52-Week Low Than Its High
At $124.79, Palantir is still trading 2.3% below its 20-day SMA ($127.90) and 5.1% below its 50-day SMA ($131.61), which keeps the intermediate trend pointed down. It’s also 19% below the 200-day SMA ($154.29), a reminder that the longer-term trend remains heavy despite occasional rebounds.
The moving-average structure is still a headwind: the 20-day SMA is below the 50-day SMA, and the death cross (50-day SMA below the 200-day SMA) that occurred in February reinforces the bearish longer-term setup. From a momentum standpoint, MACD is below its signal line and the histogram is negative—plain terms: upside pressure is fading versus the prior upswing unless buyers can push momentum back above that baseline.
The stock’s key turning points also frame the current risk: it put in both a swing high and swing low in June, and it broke below support in June as well, which often leaves overhead supply on rebounds. With the 52-week low set in June and the current price still closer to that $106.37 low than the $207.52 high from November 2025, bulls generally want to see higher lows form before calling a durable trend change.
- Key Resistance: $136.50 — a nearby ceiling that lines up with a prior rebound-stall zone and sits above the 50-day/100-day area where sellers have had an edge
- Key Support: $122.50 — a nearby floor close to current levels where buyers previously stepped in, making it a key “must-hold” zone for a bounce thesis
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $183.27. Recent analyst moves include:
- Citigroup: Buy (Lowers Target to $200.00) (July 24)
- DA Davidson: Buy (Maintains Target to $175.00) (July 17)
- DA Davidson: Upgraded to Buy (Raises Target to $175.00) (July 2)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Palantir, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Weak (Score: 10.04) — The stock’s recent tape is lagging, which fits with price still sitting below key moving averages.
- Value: Weak (Score: 2.41) — The market is pricing PLTR at a steep premium, leaving less room for error if growth expectations cool.
- Growth: Bullish (Score: 97.67) — The scorecard is flagging strong growth characteristics, which is the main pillar supporting the longer-term bull case.
The Verdict: Palantir’s Benzinga Edge signal reveals a growth-heavy profile with weak value support and soft momentum. For longer-term bulls, that usually means execution into earnings matters more than ever, while technicians may wait for momentum to improve before leaning in.
Palantir Shares Climb
PLTR Price Action: At the time of publication, Palantir shares are trading 1.46% higher at $124.71, according to data from Benzinga Pro.
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