Palantir Upgraded to Buy Drives 4.3% Rally, Options Volume Soars
PLTR•Palantir shares climbed 4.3% to $131 after D.A. Davidson upgraded to buy, noting an attractive entry point for the bull note. The stock, down 26% year-to-date, is rebounding from its June 25 one-year low of $106.37 and testing its $130 50-day average as call options volume spikes.
1. Analyst Upgrade Sparks Rally
D.A. Davidson raised Palantir from neutral to buy, highlighting an attractive entry point for its bull note. Shares surged 4.3% to approximately $131 on the news.
2. Year-to-Date Performance and Technical Levels
After a 26% decline so far in 2026, Palantir has bounced off its June 25 one-year low of $106.37. The stock is now testing its descending 50-day moving average around $130.
3. Options Market Activity
Palantir’s 50-day call/put volume ratio hit 2.20, placing it in the 98th percentile of its annual range. Today saw 169,000 call contracts traded—triple the average—with heavy activity in the 132 and 133 weekly strikes.
4. Consensus Brokerages and AI Positioning
Of 29 brokerages covering the stock, 10 still hold a neutral or worse rating despite recent upgrades. Ongoing momentum in AI-driven software and Nvidia-related developments has spurred multiple firms to raise their outlooks.
