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Palantir Technologies Inc. shares were held near US$133 on Wednesday, 18 February 2026, after the company confirmed a new corporate headquarters in the Miami area. The update added a fresh headline catalyst for PLTR stock, while investors continued to debate valuation after a sharp pullback from late-2025 highs.
Palantir announced the move on 17 February 2026 in a short message on X stating, “We have moved our headquarters to Miami, Florida.”
A filing with the US Securities and Exchange Commission lists the company’s principal executive offices at 19505 Biscayne Blvd., Suite 2350, in Aventura, and shows Denver as the former address.
The relocation marks Palantir’s second headquarters shift in six years. The company moved from Palo Alto, California, to Denver in 2020. The latest change places the firm in South Florida, a region that has pitched itself as a growing base for technology and financial firms.
The company has not outlined operational changes tied to the move. The SEC filing confirms the new address, but it does not describe hiring plans, office footprint, or staffing timelines. Investors often track these details to influence certain expenses, such as real estate and payroll.
The headquarters news follows Palantir’s latest quarterly update, which highlighted continued growth in the United States. In its Q4 2025 shareholder letter, the company said it generated about US$1.4bn in revenue for the quarter. The company said revenue increased 70% from a year earlier.
Palantir also reported US revenue of US$1.076 billion, which it said rose 93% year over year. Management has tied demand to its Artificial Intelligence Platform and to wider commercial adoption of its data integration software. Investors typically watch whether commercial growth can keep pace with government demand over future quarters.
Wall Street has not reached a consensus on near-term upside. On 18 February 2026, Mizuho Securities upgraded Palantir to Outperform from Neutral and kept a US$195 price target. The firm cited revenue growth and margin expansion and said the stock’s valuation reset improved the risk-reward profile.
Other banks have set higher targets. Citigroup raised its price target to US$260 on 3 February 2026 and kept a buy rating, pointing to Palantir’s growth momentum in the software sector. The range of targets reflects different assumptions about how quickly earnings can grow into the current multiple.
Traders also continue to monitor volatility. PLTR traded in a US$127.29 to US$134.32 range in the most recent session, and the stock remains below its 52-week high of US$207.52 set on 3 November 2025. Moreover, the stock has stayed above its 52-week low of US$66.12.
Near-term price action will likely follow updates on contracts, margins, and guidance, with the Miami headquarters change acting as a secondary headline.
Some market participants have highlighted the US$145 area as a key reference point because the stock traded there earlier in February. If PLTR stock reclaims that zone and holds it, traders may test higher resistance near recent swing highs.
If selling pressure returns, investors may look for support near the low US$130s and the late-session low near US$127. These levels do not predict direction, but they help frame risk for short-term positioning. The company has also not given a timeline for administrative changes tied to the headquarters update, which could add to the catalysts.
