By Peet Serfontein & Khumbulani Kunene
We enter a long position with a target price of $175.00 and a stop-loss of $117.00.
Palantir Technologies Inc. is a technology company that offers software platforms and services to help public, private, and non-governmental organizations worldwide gain insights into their data through data analysis. The company also provides artificial intelligence (AI) platform for building AI-powered workflows, agents, and functions.
Founded in 2003, the company initially focused on supporting intelligence and defence agencies before expanding into industries such as healthcare, energy, manufacturing, financial services and logistics. Its flagship platforms (Gotham, Foundry, Apollo and the Artificial Intelligence Platform [AIP]) enable organisations to integrate vast amounts of data, automate complex workflows, deploy AI securely and improve operational decision-making.
Technically, the price at the lower range of Detrended Price Oscillator (DPO) indicator presents an attractive buying opportunity (see the insert on the main chart). This pattern identifies shorter-term price cycles by removing the longer-term trend and the current depressed reading suggests that the recent decline may be approaching the latter stages of its downward cycle.
The price also appears to be in the Accumulation phase out of the Wyckoff Price Cycle, supporting the bullish bias. This phase is typically characterised by diminishing selling pressure and improving market participation.
Fading downside momentum according to the Moving Average Convergence Divergence (MACD) indicator also supports our bullish view; however, the gradual downward trajectory of the on-balance volume (OBV) indicator is a concern.
Share Performance
Share Information
| Share Code | PLTR US |
| Industry | Software & Services |
| Market Capital (USD) | 320.6 billion |
| One-Year Total Return | -10.00% |
| Return Year-to-Date | 24.77% |
| Current Price (USD) | 133.72 |
| 52-Week High (USD) | 207.52 |
| 52-Week Low (USD) | 106.37 |
| Financial Year End | December |
| The price remains below its 200-day simple moving average (SMA), suggesting that the long-term trend has yet to confirm a decisively bullish reversal. | |
Consensus Expectations (Bloomberg)
| FY25 | FY26E | FY27E | FY28E | |
|---|---|---|---|---|
| Headline Earnings per Share (USD) | 0.75 | 1.47 | 2.08 | 3.03 |
| Growth (%) | 96.00 | 41.42 | 46.08 | |
| Dividend Per Share (USD) | 0.00 | 0.00 | 0.00 | 0.00 |
| Growth (%) | - | - | - | |
| Forward PE (times) | 74.47 | 51.62 | 44.07 | |
| Forward Dividend Yield (%) | 0.00 | 0.00 | 0.00 | |
| The company is set to deliver strong double-digit earnings growth over the medium term. | ||||
Buy/Sell Rationale
Technical Analysis
Fundamental view
Update on previous Trade Ideas
| Share Name and position | Entry | Current Price | Movement | Comment | Time to exit |
|---|---|---|---|---|---|
| VMC - Buy (Continue to hold) | 268.94 | 291.89 | +8.5% | The combination of supportive long-term trend dynamics, improving momentum conditions and favourable mean-reversion characteristics remains of interest. Remains above its 200-day SMA. Fading upside momentum is a concern. Our profit target is maintained at $314.00 with a trailing stop-loss at ~$281.70. | 19 August 2026 |
| MA - Buy (Continue to hold) | 513.60 | 538.02 | +4.8% | The price at the lower range of an inclining linear regression channel pattern remains of interest. Crosses above its 200-day SMA. Upside momentum is supportive. Our profit target is maintained at $570.00 with a trailing stop-loss at $526.00. | 2 September 2026 |
| UBER - Buy (Continue to hold) | 72.33 | 72.08 | -0.3% | The combination of the price at the lower range of an inclining channel pattern and the development of a double-bottom pattern remains of interest. Remains below its 200-day SMA. Upside momentum halted, which is a concern. Our profit target is maintained at $85.00 with a trailing stop-loss at $67.00. | 11 August 2026 |
| SYK - Buy (Continue to hold) | 329.74 | 311.07 | -5.7% | The price at the lower range of an inclining linear regression channel pattern remains of interest. Remains below its 200-day SMA. Upside momentum has halted, which is concern. Our profit target is maintained at $401.00 with a trailing stop-loss at $309.00. | 14 October 2026 |
