Palantir Surges 66.28% in Trading Volume to Rank Fourth in Market

On May 13, 2025, Palantir's trading volume reached $184.79 billion, marking a 66.28% increase from the previous day, placing it fourth in the day's stock market rankings. Palantir (PLTR) rose by 8.14%, marking two consecutive days of gains, with a total increase of 9.21% over the past two days.

Palantir's stock has received a boost from reports that the U.S. and Saudi Arabian governments have reached a new deal, which could potentially generate significant new business opportunities for the company.

Bank of America (BofA) has raised its price target for Palantir from $125 to $150, maintaining a Buy rating on the shares. This adjustment comes as companies continue to announce new AI initiatives, which could further drive Palantir's growth.

Prominent investor Bryn Talkington has highlighted Palantir's attractiveness based on the "Rule of 40," which combines year-over-year revenue growth with operating margins. Palantir's score of 83 under this rule indicates strong performance. Additionally, Palantir's commercial revenue saw a 19% increase in the last quarter compared to the previous quarter, further bolstering investor confidence.

Despite the positive outlook, some analysts caution that Palantir's stock is nearing its 150-day moving average and has formed a double bottom, which could be seen as negative from a technical perspective. Investors are advised to consider these technical indicators before making investment decisions.