Dear Palantir Stock Fans, Mark Your Calendars for March 13

Palantir (PLTR) stock gained as much as 7% on Wednesday, March 12 after the data analytics company made a cryptic post on X that investors are reading as a signal that a major artificial intelligence (AI) announcement is coming. 

Palantir is scheduled to host its sixth “AIPCon” on March 13, which suggests now is indeed a good time to expect a big AI-focused announcement from the Denver-headquartered firm. 

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AIPCon is the company’s annual conference that showcases advancements in its artificial intelligence platform (AIP). Despite today’s run, PLTR shares remain down more than 30% versus their year-to-date high.

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What to Expect from Palantir’s AIPCon 6 on Thursday

Palantir has signed prominent names like Walgreens (WBA) and Heineken (HEINY) as clients in 2025. 

At the annual conference, a number of its customers, including Delta Air Lines (DAL) and Red Cat (RCAT) will demonstrate how they’re using its AIP to drive innovation across their respective industries. 

Palantir could announce new team ups at the AIPCon and offer more color on the demand for its artificial intelligence offerings that may help unlock significant further upside in PLTR share price. 

Palantir is inching up ahead of the conference as investors hope for the annual event to serve as a much-needed catalyst for the AI stock. 

PLTR Shares Tend to Rally After the AIPCon Event

Investors started bailing on Palantir shares last month after President Donald Trump’s administration announced plans to cut the defense budget by 8% annually over the next five years. 

Plus, the tariffs-driven rout in U.S. tech stocks has hurt the PLTR stock price as well. 

That said, investors have good reason to hope for a meaningful recovery ahead, given that Palantir stock has a history of rallying in the weeks following its AI conference. 

For example, shares of the big data analytics firm gained some 30% in the month after its AIPCon 5 on Sept. 12, 2024. 

Palantir Stock Has Fallen Out of Favor With Analysts

While Palantir looks positioned for a rally after the AIPCon 6 on March 13, investors should note that analysts are not particularly bullish on the tech stock heading into its annual AI conference. 

The consensus rating on PLTR stock currently sits at “Hold” with the mean target of about $85 signalling potential upside of just 2% from current levels. 

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On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.