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Palantir Technologies Inc (NASDAQ:PLTR) shares are bucking the broader market trend this Monday. The S&P 500 is down 0.32% while the Nasdaq declined 0.35%.
Trump Endorsement Sparks Rebound
Traders are reacting to recent comments from President Donald Trump. On Friday, Trump praised Palantir’s “war fighting capabilities” on Truth Social. This reinforced the company’s entrenched relationships with the U.S. government.
The stock previously saw a $10 billion market cap recovery shortly after the post.
Analyst Dan Ives Sets Massive Price Forecast
Wedbush analyst Dan Ives is fueling the bullish narrative. Ives recently reiterated …
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