Why Palantir Technologies Hit a New All-Time High on Wednesday

From Yahoo Finance: 2025-06-11 15:58:00

Palantir Technologies (NASDAQ: PLTR) stock soared 5.4% on Wednesday, hitting a new all-time high. Analyst Matthew Broome maintained a sell rating but raised the price target to $116, citing the company’s strong execution and growth potential. However, with a high valuation, caution is advised. The Motley Fool Stock Advisor didn’t include Palantir in its top 10 stock picks.

Read more: Why Palantir Technologies Hit a New All-Time High on Wednesday