PLTR Palantir stock price target: Palantir stock (PLTR) continued gaining momentum on Friday, rising more than 9%, as investors poured into artificial intelligence-related equities and showed increasing appetite for high-growth technology names.The move did not appear tied to any specific company announcement. Instead, Palantir benefited from broader strength across AI-focused stocks and growing optimism surrounding enterprise AI adoption, as per a report.As one of the market’s most closely watched AI software and data analytics companies, Palantir has increasingly become a popular stock for investors seeking exposure to the expanding AI sector.The stock also outperformed the broader technology sector, which rose 1.87%, signaling stronger buying interest in Palantir shares compared with the wider market, as per a Benzinga report.AI Optimism Continues Driving Palantir Stock (PLTR) HigherInvestor confidence in Palantir’s long-term growth story strengthened further after partner company Snowflake reported stronger-than-expected quarterly results.You Might Also Like:Snowflake also highlighted accelerating enterprise AI adoption, reinforcing expectations that demand for AI infrastructure and data platforms continues to rise, as per the Benzinga report.That trend remains a major bullish factor for Palantir stock as the company expands its presence across both commercial and government markets.Defense Opportunities Add Another Layer of OptimismInvestors also reacted positively to reports that the US government is preparing initiatives focused on strengthening domestic drone infrastructure.Because Palantir maintains strong relationships with US defense and intelligence agencies, investors see the development as a potential source of future contract opportunities.You Might Also Like:The company’s defense exposure continues to play an important role in the stock’s broader growth narrative.Palantir Earnings (PLTR) Expectations Remain StrongWall Street is now turning its attention toward Palantir’s next earnings report, expected on Aug. 3, 2026.Analysts currently forecast earnings of 33 cents per share, up from 16 cents during the same quarter last year. Revenue is projected to rise to $1.81 billion compared with $1.00 billion a year earlier, as per the Benzinga report.Despite trading at roughly 161 times earnings, analysts remain broadly positive on the stock.The current consensus rating remains Buy, with an average price target of $189.38.Recent analyst updates include:Rosenblatt maintained a Buy rating with a $225 price target on May 21.Citigroup maintained its Buy rating and raised its forecast to $225 on May 6.Argus Research upgraded the stock to Buy with a $190 target on May 6.Technical Signals Show Improving PLTR Stock MomentumFrom a technical standpoint, Palantir stock has regained stronger short-term momentum.Shares are currently trading 11.4% above the 20-day simple moving average of $136.94 and 7.6% above the 50-day moving average of $141.72, suggesting buyers have been stepping in more aggressively during pullbacks, as per the Benzinga report.The stock is also trading 3.5% above its 100-day moving average of $147.41, placing it above an important intermediate trend line.However, the longer-term trend remains less certain. Palantir still trades 5.8% below its 200-day moving average of $161.94, while the 50-day moving average remains below the 200-day moving average following the “death cross” that formed in February.This suggests the stock’s short-term recovery is strengthening, although the broader long-term trend has not fully repaired yet.Momentum Indicators Continue ImprovingMomentum indicators have also started showing positive signs.Palantir’s MACD indicator recently moved above its signal line while the histogram turned positive, signaling that downside pressure from the prior decline may be fading, as per the Benzinga report.Key Price Levels PLTR Traders Are WatchingTraders continue monitoring several important technical levels for Palantir stock.The next major resistance zone sits near $156, an area where rallies could face selling pressure.On the downside, key support remains around $128.50, which aligns with a previous demand zone formed after weakness seen in April, as per the Benzinga report.FAQsWhy did Palantir stock rise on Friday?Palantir stock gained more than 9% as investors continued buying AI-related technology stocks.How did Snowflake help boost Palantir sentiment?Snowflake’s strong earnings and comments about enterprise AI adoption reinforced optimism around AI demand.