Why Palantir Technologies Stock Is Trading Up 4% on Friday
Data analytics firm Palantir Technologies saw its shares climb more than 4% on Friday, following an endorsement from market commentator Jim Cramer, who reaffirmed his optimistic outlook and $200 price target for the company.
Cramer pointed out that Palantir, known for its defense-oriented AI software, has enjoyed a stock surge due to a series of highly impressive reports surpassing expectations. He noted a notable shift in market sentiment, with new investors being drawn to compelling companies like Palantir. These investors maintain their purchases long after initial positive news, underscoring a sustained interest in the firm's growth trajectory.
Palantir's stock is highly volatile, experiencing 44 moves greater than 5% over the past year. Today's increase suggests the market finds this news substantial but not transformative in terms of the company's overall business perception.
Just two days prior, the stock gained 2.9% following the announcement of a partnership with UK defense tech company Hadean to deliver simulation and AI products to the UK Armed Forces. Under this new agreement, Hadean's wargaming, command and control, and battlefield training products will be integrated with Palantir's Foundry software, facilitating seamless integration with the Ministry of Defence's current data systems.
This development complements Palantir's strong recent performance, with significant growth in both government and commercial sectors. In the latest quarter, U.S. commercial revenue surged by 93% year-over-year, while U.S. government revenue grew 53%. The company's Artificial Intelligence Platform (AIP) has been crucial in driving growth, enabling customers to enhance decision-making with integrated data and contributing to a rise in large contracts.
Year to date, Palantir Technologies has risen 128%, currently trading at $171.28 per share, near its 52-week high of $186.97 reached in August 2025. Investors who bought shares worth $1,000 during Palantir's IPO in September 2020 would now see their investment valued at $18,029.
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