Shares of Palantir rise 3% due to new research and potential benefits from Middle East conflict

From Yahoo Finance: 2025-06-16 11:21:00

Shares of Palantir (NASDAQ: PLTR) rose over 3% due to new research reports and potential benefits from the Middle East conflict. Loop Capital increased their price target to $155, citing the company’s enterprise AI potential. However, Mizuho and Citigroup have concerns about the stock’s valuation.

Palantir’s stock rise may be linked to its technology support for Israel during the conflict with Iran. The stock has surged 89% this year, trading at 244 times forward earnings. Some analysts caution against buying due to the high valuation, suggesting waiting for dips or special insights into the company.

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Read more: Why Shares of Palantir Are Surging Today