Palantir soars on AI-powered U.S. Army deal; Is $100 next?

Core Viewpoint - Palantir's stock has experienced significant volatility, dropping below the critical $100 support level, influenced by both market conditions and company-specific factors [1][10]. Stock Performance - As of the latest report, Palantir's stock was trading at$82.92, reflecting a year-to-date increase of 9.63%. The stock closed at $78.05 on March 11 but saw a 6.23$178.4 million program, with plans to deliver ten vehicles by 2026 [5][6]. - Palantir's internal estimates suggest a potential full order of 100 to 150 vehicles from the Army, although reliance on government contracts poses risks for future growth [8]. New Customer Acquisition - Palantir is expanding its client base in the private sector, with over 20 new clients, including notable companies like Walgreens, Delta Air Lines, and Heineken, as revealed during the upcoming Artificial Intelligence Platform Conference [9]. Market Sentiment and Valuation - The market sentiment has shifted, making a $100 price target less realistic, especially with potential budget cuts to the Pentagon and broader economic concerns such as inflation and recession [10][11]. - While Palantir has shown the ability to attract investor confidence and future growth, sustaining a high valuation in the current environment is deemed unlikely [12].