New York, Jan 8, 2026, 08:46 EST — Premarket
- Palantir shares rose 1.1% in premarket trading, holding around the $180 level.
- Truist initiated coverage with a Buy rating and a $223 price target.
- Investors are eyeing Friday’s U.S. payrolls report and Palantir’s next earnings update in early February.
Palantir Technologies Inc shares rose 1.1% in premarket trading on Thursday to $181.68, after closing at $179.68. The move followed Truist Securities starting coverage with a Buy rating and a $223 price target.
The note matters because Palantir has become a high-multiple trade, where sentiment can swing the stock as much as a contract win. When the price runs ahead of fundamentals, new research can hit harder than usual.
There is also timing. Rate expectations are in flux, and the next few data points can jolt the kind of richly valued tech shares that trade off Treasury yields.
Truist analyst Arvind Ramnani argued that generative AI could “compress the market impact” of decades of enterprise technology into five to ten years and said Palantir is “ideally positioned” to benefit. He pointed to free cash flow margins above 40% — cash left after capital spending — and said buybacks could help offset dilution from stock-based pay, even as he noted the stock trades above 70 times next‑12‑month enterprise value to sales, a yardstick that compares a firm’s value to revenue.
Palantir sells software used to stitch together data from different systems and turn it into tools that run operations, often in security-heavy environments. The company markets that work as a bridge between raw data and decision-making, with a pitch that its platforms can let customers apply new AI models without losing control of sensitive information.
Competition is tightening around that promise. Accenture said on Tuesday it agreed to buy London-based AI firm Faculty, and CEO Julie Sweet said the deal will help “bring trusted, advanced AI to the heart of our clients’ businesses.” Faculty chief Marc Warner will become Accenture’s chief technology officer after the deal closes. Accenture Newsroom
Macro pressure sits right behind the stock story. The U.S. employment report for December is due at 8:30 a.m. ET on Friday, according to the Labor Department’s release schedule. Bureau of Labor Statistics
Recent labor data has already pulled markets around. U.S. job openings fell to 7.146 million in November, and ADP estimated private payrolls rose by 41,000 in December, Reuters reported, keeping investors debating how long the Federal Reserve stays on hold. Reuters
But the downside case is simple: Palantir’s valuation leaves little room for a slip. If growth slows, or margins compress as the company spends more to chase commercial work, traders can yank the stock lower quickly.
