Palantir stock price held firm above the 50-day moving average at $25.60, signaling resilience despite choppy macro headlines. Chartists are noting a potential ascending triangle pattern, which often precedes sustained upside in growth tech names. An internal Army memo stated it could not control user access or verify the software's security on the new platform. This news was coupled with reports that Palantir's UK division ruled out bidding for digital ID contracts, citing concerns that the legislation was 'undemocratic.' These events added to existing investor apprehension regarding the company's valuation, which was described as lofty. âWhat really drives the story is how Palantir keeps expanding into new markets,â explains the 5-star investor, who is among the very top 1% of stock pros covered by TipRanks. Pre-market data showed Palantir stock price ticking up 0.5% to $26.20 on light volume. Futures signal positive sentiment in the tech sector, driven by softer Treasury yields—a macro factor often correlated with bid support in AI-driven software equities.
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