Palantir Rated Buy With $150 Target Despite 36% Year-to-Date Drop

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Palantir shares have fallen 36% year to date to about $113.50, but 24/7 Wall St. rates the stock a buy with a $150.02 price target, implying 32% upside. The firm assigns 90% confidence to the call, its highest tier, even as the stock sits just above its 52-week low. First-quarter 2026 revenue surged 85% to $1.63 billion, the fastest growth in company history, and management raised full-year revenue guidance to $7.65 billion to $7.66 billion. CEO Alex Karp said demand for the company's AIP platform is supply-constrained, with U.S. commercial remaining deal value up 112% to $4.92 billion. The bear case centers on a valuation of 131 times trailing earnings, though 24/7 Wall St.'s bear-case target of $136.38 still sits 20% above current levels.

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Google Cloud and Mysten Labs to jointly develop VAA, a proof-of-behavior platform for AI agents

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Mysten Labs · Technology · Positive Mysten Labs, developer of Sui, announced the joint development plan with Google Cloud to build VAA.
SUI · Technology · Positive Sui will handle management and linkage of cryptographic proofs for VAA and integrate its x402 agent payment mechanism.
WAL · Technology · Positive Walrus is the data storage platform where VAA's cryptographic proofs will be stored.
GOOG · Technology · Positive Google Cloud is jointly developing the VAA proof-of-behavior platform for AI agents with Mysten Labs.
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ThinkingAI · Demand · Positive ThinkingAI opened its agentic growth platform to game studios with self-serve plans from $0 to $999/month, expanding adoption of its product.
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MA · Technology · Positive Mastercard launched Agent Pay for Machines with over 30 launch partners, advancing its agentic commerce infrastructure.
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