Palantir (NASDAQ: PLTR | PLTR Price Prediction), whose data analytics software is used by government defense and intelligence operations, is on the move again.
For one, Truist upgraded PLTR to a buy rating.
The firm noted that “GenAI adoption could ‘compress the market impact’ of the last four decades of enterprise technology into just the next five to ten years,” says Tip Ranks. With that, the firm believes Palantir holds a “unique market position,” one that is “ideally positioned for increased AI adoption by both governments & enterprises.”
The stock also saw a substantial boost after the weekend raid that led to the capture of Venezuela’s Nicolas Maduro.
As noted by Barron’s, “Mizuho said that Palantir and its CEO Alex Karp are ‘massive supporters’ of the U.S. military, pointing out that the federal government is one of the company’s biggest customers. The success of the [Venezuela] exercise relied on Intelligence & execution.”
Northrop Grumman
Shares of Northrop Grumman (NYSE: NOC) are up about $50 a share in premarket.
Late yesterday, the stock pulled back after President Trump said he would not allow dividends or buybacks for defense companies. That is, until arms production speeds up. Today, NOC is up about $50 in premarket after the president called for a defense budget of $1.5 trillion in 2027.
As he said on Truth Social: “After the long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, rather $1.5 Trillion Dollars. This will allow us to build the ‘Dream Military’ that we have long been entitled to, and, more importantly, that will keep us SAFE and SECURE, regardless of foe.”
Generac Holdings
Generac Holdings (NYSE: GNRC) is up about $3.10 in premarket.
After dropping from about $168 to about $135, the pullback is overdone, according to Citi analysts. The firm now has a buy rating, believing the stock could run 45% higher from here.
Helping, the company just acquired a new factory to help meet data center demand.
After all, thanks to artificial intelligence, data center demand is expected to rise at a 15% CAGR until 2030, according to Goldman Sachs. Plus, according to analysts at HSBC, data center demand has far outweighed supply thanks to AI demand and constrained supply in key markets. They also expect DLR to see further, strong momentum as we get into 2025.
Also, as noted by Aaron Jagdfeld, Generac president and CEO, as quoted by Industrial Equipment News, “With global demand for data center capacity projected to more than triple by 2030 (McKinsey), the rapid expansion of data centers is creating unprecedented demand for reliable and scalable power solutions.”
He added that the data center sector offers a “generational opportunity” for Generac to “potentially double its sales of C&I products in the next three to five years,” they added.
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