What you need to know
- Palantir stock soared by 23% during extended trading on Monday, after its fourth-quarter revenues and outlook for 2025 blew away Wall Street’s expectations due to robust demand of the AI platform.
- Stocks are expected to break away from an ascending triangle Tuesday.
- Bars pattern analysis projects a potential upside target of around $170 and indicates a continuation of the stock's uptrend until late March.
- Investors should watch key support levels on Palantir's chart around $85 and $66.
Palantir’s (PLTR), shares soared during extended trading on Monday, after its fourth-quarter revenues and outlook for 2025 blew past Wall Street estimates amid strong demand for the artificial intelligence platform.
As enterprises increase their deployment of AI-generated technology, the company’s commercial sales are expected to grow by at least 54% to $1.08billion in 2025.
It also stated that the possible tariffs implemented by Trump could drive up demand for its analytical services. These analytics help manage logistics and supply chains.
Palantir stocks jumped by 23% during extended trading, reaching $102.79. Through the close of Monday's regular trading session, Palantir shares had gained 11% so far in 2025 and had risen five-fold over the past 12 months amid growing demand for the company’s suite of AI-powered software offerings.
We break down Palantir’s technicals and highlight key price levels after earnings that investors might be looking at.
Triangle Breakout Projected ascending
Palantir has been consolidating in an ascending triangle chart pattern since late December. The chart pattern indicates a continuation of Palantir’s upward trend over the long term. After the stronger-than-expected results, it appears that the stock price will break away from the triangle pattern.
Also, it’s worth noting the fact that on Monday’s trading session there was a triple witching of volume. That suggests pre-earnings stock accumulation.
Applying technical analysis, let’s predict the future of an uptrend and identify critical support levels during declines.
Bars Pattern Analysis
Bars pattern analysis is a method that uses past trends to predict future movements in price.
In order to apply the method on Palantir’s graph, we reposition the price bar that represents the trending movement of the stock from late November last year to early December this year from Wednesday’s estimated opening price. According to the analysis, the target price for the stock is around $170. If the recent trend continues in the same direction as the previous trend, the upward trend might last through late March.
This prior trending time period was chosen because it began after a breakaway gap driven by strong earnings, which is similar to the projected price movement on Tuesday.
Keep an eye on the Key Support Levels
Investors should first watch for the level of $85 during declines. On retracements, the stock could draw buying interest if it reaches the top trendline of an ascending triangular pattern. It may then turn from a resistance area to a future support zone.
Palantir could also return to lower support levels around $66, where it may find some support in the area of the mid-November pennant patterns and their low from last month.
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