New York, January 9, 2026, 08:15 EST — Premarket
- Palantir shares tick higher in premarket trade after a choppy Thursday session
- U.S. jobs data and a Supreme Court tariff decision are the two big things on the day’s radar
- Investors are already looking ahead to Palantir’s next earnings window in early February
Palantir Technologies Inc (PLTR) shares were up 0.25% in premarket trading on Friday at $177.30, after finishing the prior session at $176.86. Premarket trading — before the regular New York session opens — can be thinner than daytime trade, according to Public.
The stock barely budged with equity futures hovering near flat ahead of the U.S. nonfarm payrolls report due at 8:30 a.m. ET. Traders were also on hold for a Supreme Court ruling expected Friday on President Donald Trump’s tariffs. Markets were pricing about 60 basis points (0.60 percentage point) of Federal Reserve rate cuts in 2026, Reuters reported reuters.com.
That backdrop has left investors choosy about high-priced artificial intelligence, or AI, names after last year’s big run. “While AI is still hot, there are going to be winners and losers,” said Art Hogan, chief market strategist at B. Riley Wealth, after tech shares dragged on Wall Street in Thursday’s regular session. reuters.com
Palantir’s tape was choppy Thursday. Shares opened at $185.62, slid to an intraday low of $174.37, then finished down 2.65% at $176.86, per Stock Analysis data.
A U.S. federal spending database entry showed the Department of Transportation awarded Palantir a contract with about $2.5 million in obligated amount, the kind of government deal investors track for a company with deep public-sector roots.
Analyst coverage isn’t letting up. Truist Securities initiated Palantir with a $223 price target, arguing the firm’s valuation wasn’t a deal-breaker as it leans into AI adoption across government and commercial customers, Barron’s reported.
The next real catalyst is earnings. Wall Street calendars on Public.com peg it to Feb. 2, with the next earnings-per-share estimate around $0.21; EPS is profit per share.
The bigger takeaway is how fast this stock can snap back and forth. A hotter jobs report could lift bond yields and squeeze valuations in expensive software, while an adverse tariff ruling could rattle risk appetite and hit momentum names first.
For now, the focus is on the 8:30 a.m. payrolls print and whatever tariff decision comes out of the Supreme Court. Palantir’s next earnings date still isn’t confirmed, though it’s pegged for Feb. 2 after the market close, Wall Street Horizon said.
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