Palantir shares edge lower as collaboration with Google Cloud expands
Palantir's premarket share price was 2026-06-09 at 0.50% lower at 135.79 dollars. The company said it had expanded its partnership with Google Cloud and that its services had been listed on the Google Cloud Marketplace.
Palantir shares were trading at 2026-06-09 in premarket trading, 0.50% lower at 135.79 dollars. Trading took place below key moving averages. The broader market was mixed.
Technical indicators show the shares trading 20 below the simple moving average. They are 2.6% lower than the 50 simple moving average. This figure shows the position on the tick chart.3.4The RSI stands at
The relative strength index stands at 45.49 in neutral territory. Analysts maintain their buy opinions. Their average price target is 189.38 dollars.
CEO Alex Karp warned about “token maxing.” He pointed out the use of AI only for tasks that appear impressive on the surface. The company explained that AI should solve real business problems.
Palantir expanded its partnership with Google Cloud. The service was registered to be made available on the Google Cloud Marketplace. The company said so in a statement.
The earnings announcement is scheduled for 2026-08-03. Before the announcement, the company had reported the expanded partnership and management comments to the market. Premarket price movements reflect these announcements and technical indicators.
Sources: Benzinga
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