Palantir stock price forecast: $110.6–$122.32 range dominates as PLTR holds steady

Palantir stock price forecast: $110.6–$122.32 range dominates as PLTR holds steady
Palantir rises 0.18% to $116.46 today

Palantir Technologies Inc. (PLTR) stock is trading at $116.46, rising 0.18% on the session. The price is currently positioned below its key moving averages, indicating continued pressure from recent selling activity.

PLTR price prediction
24H -1.22%
$111.13
48H -1.3%
$111.04
7D -2.06%
$110.18
1M -3.51%
$108.55
3M 12.79%
$126.89
6M 51.43%
$170.36
12M 5.16%
$118.3
Current price: $ 112.5 -4.2000 3.60%
Closed 06/24
Daily range 112.25 Arrow from to Icon 117.62
Weekly range 112.25 Arrow from to Icon 129.29
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Highlights

  • Palantir entered a 7-year partnership with Zeta Global to integrate Zeta’s Data Cloud into Foundry, targeting enterprise AI expansion.
  • Zeta anticipates over $100 million in annual revenue from this collaboration, reflecting strong commercial potential for both firms.
  • PLTR shows sustained bearish momentum, trading below key moving averages with oversold indicators; expected price range is $110.6–$122.32 over 2–3 days.

Ecosystem expansion as Zeta alliance boosts AI market reach

Palantir's recent strategic partnership with Zeta Global to integrate Zeta’s Data Cloud into Palantir’s Foundry platform is expanding its role in enterprise AI and marketing infrastructure, according to Businesswire. This collaboration is structured as a 7-year agreement, which Zeta expects will generate over $100 million in annual revenue and reflects a significant commercial opportunity for both firms. The integration enlarges Palantir’s product ecosystem and positions it to attract increased corporate demand for AI-driven operational intelligence.

Persistent negative momentum as all indicators confirm oversold signals

On the technical side, PLTR is trading below its MA-20 at $121.56 and MA-50 at $127.59 on the H1 chart, while remaining well below the MA-200 at $159.52 on the daily timeframe. Immediate resistance is identified at the Ichimoku Kijun level of $125.6. Key momentum indicators confirm strong selling pressure: MACD and ADX point to active sellers, with RSI at 22.03, Stoch RSI in oversold territory, CCI on a sell signal, and BBP also reflecting an oversold condition. The Awesome Oscillator aligns with this negative momentum, and no current oscillator divergences are observed.

Sideways trading outlook as volatility band constrains direction

Over the next 2–3 trading days, price action is likely to remain within the established volatility band of $110.6 to $122.32. A sideways scenario within this corridor remains the baseline outlook, with a 71% probability of further downside against a 29% chance for upward movement. An upside scenario would require a decisive breakout above $125.6 resistance, while clearing $110.6 to the downside could trigger additional weakness.

Anton Kharitonov, expert at Traders Union, views Palantir's new partnership with Zeta Global as a significant move for enhancing its AI and data integration capabilities. However, the technical setup appears weak, with the stock remaining firmly below key moving averages and strong momentum signals favoring sellers. He sees limited upside in the near term, as price action remains rangebound with a high probability of continued downward drift. "Base case remains sideways-to-lower unless bulls reclaim $125.6 with conviction."

Earlier, analysts noted that Palantir remained under sustained downside pressure amid public sector contract losses and mounting technical weakness. The latest trading signals and ongoing negative momentum reinforce this cautious outlook, making the $110.6 support zone critical for traders monitoring potential shifts in direction.

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.
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