PLTR broke above its 50‑day moving average on strong volume, with the price now around $174, narrowing the gap to the $176.33 average analyst target. The expanded PwC AI partnership lifts FY24 revenue guidance, supporting a bullish technical outlook.

Investors are cheering the PwC AI deal, propelling PLTR to its best day in a month and overturning Michael Burry’s short thesis. The broader market’s optimism on steady rates amplifies the positive sentiment, keeping PLTR in bullish territory.

While the PwC contract improves near‑term growth, the stock remains vulnerable to execution risk and valuation pressure near $180. Long‑term, Palantir’s data moat and government contracts provide a sturdy foundation, but investors should monitor cash burn.

The 10‑day RSI has risen to 68 and the MACD histogram turned positive, confirming upward momentum on high relative volume. Volume surged 3.5× the 20‑day average, aligning with a bullish technical signal.