$PLTR in price discovery: adding at $171-$183, targets $231-$308Palantir Technologies Inc. Class ABATS:PLTRWintawThe Level Bought almost the bottom as my target to buy PLTR was between $105 to $110. The low printed $106.37 and today it made a new high of $212.94, up over 100% My add zone is $171-$183, where $171.68 is the value area high. Why this level The move is slightly overbought, so I expect a pullback before continuation. The $171.68 VAH is the area price broke out of, so it is the first place I want to add. The thesis underneath is fundamental. FY25 revenue was $4.4B, up 56% YoY. P/E has compressed from ~410x to ~127x while earnings grew. The company holds $8B in cash with no debt. Capex is about 1% of revenue while hyperscalers each spend $50B to $100B a year on the buildout, so PLTR captures AI demand without funding it. About 55% of revenue comes from the US government, which does not move with corporate IT cycles. Invalidation Price below $171 does not invalidate the idea. Earnings that stop growing do. If it fails A deeper retrace is where I add with more size. What would change my mind Slowing earnings growth or a break in the innovation story. My profit-taking levels are $231 to $242, then $270, then $308, based on the 1.236 to 1.3414, 1.618 and 2 extensions.