Palantir Joins S&P 100 After AI-Driven Rally, Stock Surges Almost 60% Since Trump Victory

Palantir Technologies Inc. PLTR will join the S&P 100 index, S&P Dow Jones Indices announced Friday, as the data analytics firm continues its remarkable post-election rally.

What Happened: “Palantir is proud to be admitted into the S&P 100. Onwards,” the company stated Sunday on X.

The Denver-based company will replace Dow Inc. DOW in the index effective Mar. 24, coinciding with the quarterly rebalance. Intuitive Surgical Inc. ISRG and ServiceNow Inc. NOW will also join the S&P 100, replacing The Kraft Heinz Company KHC and Ford Motor Co. F.

Palantir has emerged as the top-performing S&P 500 stock since President Donald Trump‘s November election victory, surging nearly 60% to $84.82. This represents an annualized return exceeding 184%, according to Benzinga Pro data.

Market analysts attribute Palantir’s meteoric rise to its artificial intelligence capabilities and CEO Alex Karp‘s support for government efficiency initiatives.

Palantir is proud to be admitted into the S&P 100.

Onwards. pic.twitter.com/WxwfObpIUG
— Palantir (@PalantirTech) March 10, 2025

Why It Matters: Recent analyst assessments present a mixed outlook. While the consensus price target stands at $70.30 among 25 analysts, the three most recent ratings from Wedbush, Loop Capital, and Citigroup average $123.67, implying a potential upside of nearly 46%.

Other significant S&P index changes announced include DoorDash Inc. DASH joining the S&P 500, while FMC Corp. FMC and Celanese Corp. CE — among the worst performers since Trump’s election — will be moved to the S&P SmallCap 600.

Price Action: Palantir closed at $84.90 on Friday, up 5.52% for the day, before dipping 0.09% to $84.82 in after-hours trading. Year to date, the stock has gained 12.92%, while it has surged 234.92% over the past year. Although the stock is down 38% from its all-time high of $124.62 reached on Feb. 18, according to data from Benzinga Pro.

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