Key Takeaways
- Palantir shares jumped 23% in extended trading Monday after the analytics software company’s fourth-quarter revenue and 2025 outlook sailed past Wall Street expectations amid robust demand for its AI platform.
- The stock looks set to stage a breakaway gap above an ascending triangle on Tuesday.
- Bars pattern analysis projects a potential upside target of around $170 and indicates a continuation of the stock’s uptrend until late March.
- Investors should watch key support levels on Palantir’s chart around $85 and $66.
Palantir (PLTR) shares soared in extended trading Monday after the analytics software company’s fourth-quarter revenue and 2025 outlook sailed past Wall Street expectations amid robust demand for its artificial intelligence platform.
The company, which generated more than 40% of its fourth-quarter sales from the U.S. government, continues to focus on expanding its private sector business, with executives forecasting commercial sales will grow at least 54% in 2025 to more than $1.08 billion as enterprises ramp up deployment of generative AI technology.
The software maker also said that possible tariffs imposed by the Trump administration could help drive demand for its analytics services, which help companies manage supply-chain and logistics decisions.
Palantir shares jumped 23% in extended trading to $102.79. Through the close of Monday’s regular trading session, Palantir shares had gained 11% so far in 2025 and had risen five-fold over the past 12 months amid growing demand for the company’s suite of AI-powered software offerings.
Below, we break down the technicals on Palantir’s chart and point out key post-earnings price levels that investors may be watching.
Projected Ascending Triangle Breakout
Palantir shares have consolidated within an ascending triangle since late December, a chart pattern that signals a continuation of the stock’s longer-term uptrend. Indeed, the price looks set to stage a breakaway gap above the pattern after the better-than-expected quarterly results.
It’s also worth noting that the stock registered its highest daily volume on Monday since December’s triple witching trading session, suggesting pre-earnings accumulation.
Let’s apply technical analysis to predict how a continuation of the stock’s uptrend may look and also identify key support levels to watch out for during declines.
Bars Pattern Analysis
Investors can forecast how a post-earnings uptrend may play out by using bars pattern analysis, a technique that analyzes prior trends to project future price movements.
When applying the method to Palantir’s chart, we take the price bars that make up the stock’s trending move from early November to late December last year and reposition them from Wednesday’s projected opening price. The analysis projects an upside target of around $170 and indicates that the trend may last until late March, if the current move higher closely replicates the earlier trend.
We selected this prior trending period as it commenced following a strong earnings-driven breakaway gap, similar to Tuesday’s projected price action.
Key Support Levels to Watch
During declines, investors should initially watch the $85 level. The shares could attract buying interest on retracements to the ascending triangle’s top trendline, which may flip from an area of prior resistance into a region of future support.
Finally, the bulls’ inability to defend this level could see Palantir shares revisit lower support around $66, a location where they may encounter support near the top of a mid-November pennant pattern and last month’s low.
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As of the date this article was written, the author does not own any of the above securities.