Shares in Palantir Technologies hit a new all-time high on Wednesday as the tech-heavy Nasdaq composite also rose. With Wednesday's gain, Palantir stock has advanced 72% in 2025 and trades in a buy zone.
On the stock market today, Palantir stock closed up 1.6% at 130.18. Shares in the data analytics software maker earlier hit an intraday high of 133.49 before pulling back a bit. On Tuesday, shares rose 8% to an all-time high of 128.10.
Also, Palantir stock has advanced 72% in 2025. Meanwhile, Palantir reported first quarter earnings on May 5. Shares initially pulled back amid high expectations and a smaller beat. But Palantir stock then rebounded.
Palantir has provided data analytics tools to government customers for intelligence gathering, counterterrorism and military purposes. Now Palantir aims to use generative AI to spur growth in the U.S. commercial market, such as health care and financial services.
Further, Palantir stock has formed a cup base.
Meanwhile, Palantir's Relative Strength Rating stands at 99 out of a best-possible 99.
PLTR stock holds an Accumulation/Distribution Rating of B-plus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Also, Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Check-up. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Additionally, Palantir is among the top AI stocks to watch.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
