Shares of Palantir Technologies Inc. (PLTR) were down in Thursday's premarket trading. It was a combination of things—broader market weakness, sure, but also the kind of geopolitical news that makes investors in defense-adjacent tech companies pause for a second.

When You Make the List No One Wants to Be On

Iran's Islamic Revolutionary Guard Corps (IRGC) recently listed Palantir among U.S. technology companies it considers potential targets. The reasoning, according to reports, centers on the firms' technologies and their military applications. The IRGC has also been active, launching drones toward U.S. bases and targeting regional infrastructure, actions that have added volatility to global energy markets.

It's a stark reminder of the environment companies like Palantir operate in. When your business involves major government and defense partnerships, geopolitical tensions aren't just background noise—they're a direct part of the risk profile.

Meanwhile, Business Goes On: Expanding the AI Partnership with LG

Separately from the geopolitical headlines, Palantir and LG CNS, a Korean AI solutions provider, announced Tuesday that they are expanding their strategic collaboration. The goal is to accelerate AI transformation across the entire LG Group.

This builds on a deployment of Palantir software within an LG affiliate back in 2025. Now, they're scaling it up. A dedicated engineering team will work with LG companies to cook up AI use cases for everything from manufacturing and energy to electronics and logistics. It's the kind of deep, enterprise-wide partnership that Palantir has been chasing.

What the Charts Are Saying

Let's look at the technical picture. Right now, Palantir is trading 6.3% above its 20-day simple moving average (SMA). That suggests some short-term strength. But it's also 10.9% below its 100-day SMA, which hints at longer-term challenges.

The stock is up a whopping 81.23% over the past year and is hanging out closer to its 52-week highs than its lows.

The Relative Strength Index (RSI) is sitting at 53.86. That's neutral territory—the stock isn't overbought or oversold. Meanwhile, the MACD is at 0.6713, which is above its signal line at -2.3553. That's typically read as bullish momentum. So you've got neutral RSI and bullish MACD pointing in different directions, suggesting mixed signals and potential for movement if the broader market mood shifts.

• Key Resistance: $155.50
• Key Support: $126.50

The Numbers Wall Street Is Watching

Palantir is expected to report its next earnings on May 4, 2026 (that's an estimate). Here's what analysts are forecasting:

• EPS Estimate: 26 cents (Up from 13 cents)
• Revenue Estimate: $1.54 billion (Up from $883.86 million)
• Valuation: P/E of 240.6x (That's a premium valuation, to put it mildly)

The analyst consensus is a Buy rating, with an average price target of $164.38. There's been some recent action:

• Rosenblatt: Buy (Raises Target to $200.00) (Mar. 3)
• Rosenblatt: Initiated with Buy (Target $150.00) (Feb. 27)
• UBS: Upgraded to Buy (Maintains Target at $180.00) (Feb. 26)

A Classic 'High-Flyer' Profile

Looking at market data scores, Palantir paints a picture of a stock priced for high growth.

• Value Rank: 1.66 — This indicates the stock is trading at a steep premium relative to its peers. It's not a value play.
• Growth Rank: 97.51 — This suggests very strong growth potential compared to the broader market.
• Momentum Rank: 84.32 — This means the stock is outperforming the market.

The verdict from this data? It's a classic 'High-Flyer' setup. The high momentum score confirms a strong trend, but that rock-bottom value score is a flashing warning light that everything has to go right. The implied advice for traders is often to ride the trend but keep stop-losses tight.

The ETF Overhang

Here's a mechanical factor that can move the stock: Palantir has a significant weight in several exchange-traded funds (ETFs).

• iShares Expanded Tech-Software Sector ETF (IGV): 8.32% Weight
• REX AI Equity Premium Income ETF (AIPI): 8.93% Weight
• NestYield Dynamic Income ETF (EGGY): 7.66% Weight

Why does this matter? Because when a stock has a heavy weight in these funds, significant investor money flowing into or out of the ETF forces the fund manager to automatically buy or sell shares of the stock to match the fund's composition. It's a passive flow that can move the price independently of company-specific news.

Price Action: Palantir Technologies shares were down 1.06% at $150.00 during premarket trading on Thursday.