Palantir Shares Jump 7.8% Premarket After Analyst Upgrade Over AI Rivalry
PLTR•Palantir Technologies shares rose 7.77% in premarket trading after an analyst upgraded the stock and raised the price target, citing intensifying competition between OpenAI and Anthropic. The stock led premarket gainers, outperforming broader tech futures.
1. Analyst Upgrade
Palantir received an upgrade from a brokerage analyst who raised its rating and lifted the price target, highlighting increased AI competition between OpenAI and Anthropic as a growth driver for Palantir’s analytics platform.
2. Premarket Performance
Shares rose 7.77% in premarket trading, leading technology gainers and outperforming S&P 500 futures as investors reacted to the upgrade and the potential for Palantir to capitalize on accelerating AI-driven contract opportunities.
