Palantir Technologies Inc. ($PLTR) has experienced a notable rally, climbing approximately 8% from recent lows to reach around $68. This increase follows a significant drop of 24% earlier, prompting some investors to adjust their positions. Analysts suggest that the stock could continue to rise, with targets set around $70 to $84. The stock's recent performance has been influenced by technical indicators; it was deemed overbought in mid-November 2024 when trading at $64, before peaking at $84.80 and subsequently pulling back by 25%. Current trading levels indicate a recovery from those lows, with potential for further gains in the near term.