Palantir Stock Climbs as New AI Mortgage Deal, UBS Target Hike Help PLTR Buck Weak Market
Palantir shares rose 1.9% to $155.68 Thursday, defying a broader market decline after announcing a partnership with Moder to launch an AI-powered mortgage platform. UBS raised its price target to $200. The Pentagon plans to phase out Anthropic’s Claude from Palantir’s Maven system, complicating key defense contracts. Director Alexander Moore sold 16,000 shares March 16, leaving him with 1,156,978 shares.