Palantir Short Squeeze Brewing as Bears Pile into Wrong Side
Palantir's stock price has been hovering around $170.59 on Binance's tokenized market, and analysts are sounding a warning sign that a short squeeze may be brewing.
The company has already digested a 20% rally off its 50-day moving average near $142, but the market is now pausing rather than panicking. The AI infrastructure supercycle isn't decelerating, with federal agencies accelerating AI deployment and Palantir sitting at the intersection of defense technology, intelligence infrastructure, and commercial AI rollout.
Top analysts including Citi Research and Northland Securities have set targets of $235 and $190 respectively, both significantly above current prices. These targets are based on Palantir's demonstrated ability to grow government and commercial revenue simultaneously, with AI becoming the core monetization vector.
The technicals also support a bullish case, with momentum flat but not reversed, and buyers hesitating rather than sellers taking over. The RSI is elevated at 65, but not yet in the 'get out' territory of 75+.