Palantir shares rise 5.00% intraday after announcing multi-year AI partnership with PwC UK.

Palantir Technologies Inc. surged 5.00% intraday following strong Q3 earnings results, analyst upgrades, and new commercial partnerships. The company reported revenue above estimates and raised guidance, reinforcing its AI growth narrative. Analysts from Cantor Fitzgerald, Wedbush, and others increased price targets and earnings forecasts, signaling confidence in Palantir’s operating leverage and commercial expansion. New partnerships with Stagwell, Code & Theory, and a UAE AI venture diversified its revenue streams beyond government contracts. Additionally, the launch of Palantir-focused ETFs (e.g., REX PLTI) boosted liquidity and investor interest. These catalysts outweighed short-term concerns about valuation multiples and high-profile short positions, driving the intraday rally.