New York, February 19, 2026, 10:32 EST — Regular session
- Palantir’s stock bounced between $131 and $136 in the morning, ending up more or less flat.
- Palantir’s Foundry and AIP software take center stage for enterprise deployments under a fresh partnership with Rackspace.
- Bulls and bears both found new fodder after a Wall Street upgrade paired with the move to a Miami headquarters.
Shares of Palantir Technologies Inc (PLTR.O) edged up roughly 0.2% to $135.59 on Thursday, trimming some earlier gains as traders sifted through a flurry of company headlines over the last two days.
This month’s trading has seen Palantir shares swing back and forth, as investors debate if the rally has moved ahead of what the business can deliver or just adjusted after the recent surge. The pullback caught analysts’ attention, too—a number who were previously wary about the stock’s valuation are now issuing more bullish calls.
Right now, it’s execution that counts, not just slapping on an “AI” tag. Palantir is urging clients to shift from test runs to real-world deployments, where factors like budgets, compliance, and daily workflows will ultimately determine if the software actually gets used.
Rackspace Technology (RXT.O) and Palantir are teaming up, the two disclosed Wednesday, targeting a key challenge in AI adoption. “Organizations need AI that works in production, not just in demos,” Rackspace CEO Gajen Kandiah said. Over at Palantir, Sameer Kirtane put it this way: “Palantir AIP is taking completion timelines from years to days.” Palantir’s Artificial Intelligence Platform, or AIP, and its data software Foundry are at the center of the new partnership. GlobeNewswire
Mizuho Securities bumped Palantir up to Outperform from Neutral and slapped a $195 target on the stock, arguing that the recent pullback took a lot of air out of valuation risks. Analyst Gregg Moskowitz described Palantir as “in a category of its own,” per a note cited by MarketScreener. MarketScreener
Palantir now calls South Florida home. “We have moved our headquarters to Miami,” the company announced this week. The data analytics firm previously operated out of Denver. WLRN
Palantir’s main executive offices now show Aventura, Florida, in a February 17 filing with the U.S. Securities and Exchange Commission—confirming the relocation in an official record, not just on social media.
A judge in Manhattan has sided in part with Palantir, restricting two ex-employees from recruiting its workers for Percepta AI, the startup they joined. But the court stopped short of blocking the pair from taking jobs at Percepta. Litigation is still ongoing.
The company put out a press release Tuesday announcing it picked up several awards across different categories from Dresner Advisory Services. “Our thematic reports focus on user priorities,” said Howard Dresner, founder and chief research officer, in the statement. Business Wire
Still, there are cracks in the bullish argument. Investor Michael Burry, for one, has been bearish on Palantir, citing concerns over accounts receivable—basically questioning how efficiently the company is converting its sales into actual cash, according to MarketWatch.
Investors in high-multiple software stocks are still watching rate expectations. On Wednesday, the Federal Reserve released minutes from its January meeting, with policymakers keeping the fed funds target range steady at 3-1/2% to 3-3/4%. The discussion turned on just how long restrictive policy might be needed, with inflation remaining stubbornly high.
Investors now turn to fresh U.S. data and any hints on rates ahead of the Fed’s March 17–18 policy meeting—a key stretch for growth stocks like Palantir’s peer group.
