Palantir Stock Surges to Fourth in Trading Volume Ranking with $113.94 Billion

On June 16, 2025, Palantir Technologies (PLTR) saw a trading volume of $113.94 billion, ranking fourth in the day's stock market activity. The company's stock price rose by 2.92%, marking the second consecutive day of gains and a total increase of 4.60% over the past two days.

Palantir's stock reached an all-time high on Monday, driven by broader gains in the U.S. stock market. Investors were closely monitoring the geopolitical situation between Israel and Iran, which contributed to the overall market rebound from Friday's losses.

Analysts from Loop Capital described Palantir as a "runaway freight train never coming back," raising their price target for the stock to $155, significantly higher than the Wall Street consensus. This optimistic outlook is supported by Palantir's expanding role with the U.S. government, particularly under the Trump administration, where the company's software platform, Foundry, has been deployed across multiple federal agencies.

Members of Congress have shown significant interest in Palantir, with 13 trades in the past six months, of which 10 were purchases. This indicates a strong institutional backing for the company's stock.

Retail sentiment towards Palantir stock was bullish, with a score of 55 out of 100 on Stocktwits by early Monday. The stock's performance has been particularly noteworthy, leading the S&P 500 in 2025 and continuing its rally despite market volatility.