Shares of Palantir Technologies Inc. PLTR rallied 2.02% to $37.95 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.28% to 5,

Palantir Technologies and Dell Technologies, along with Erie Indemnity, became members of the S&P 500 Index as of today. Etsy, Bio-Rad and American Airlines moved out of the index.

In the wake of key milestones, such as inclusion in the prestigious S&P 500 index, analysts are updating their outlook for Palantir stock.

Palantir’s stock has outperformed the S&P 500 by a wide margin in recent years, but Raymond James has concerns about the stock’s valuation.

The Palantir Technologies logo is displayed on a shipping container at the companys booth during the ... [+] Consumer Electronics Show (CES) in Las Vegas, Nevada on January 5, 202

S&P Dow Jones will make changes to the S&P 500 before trading commences o. (Reuters) Palantir Technologies, Dell Technologies, and Erie Indemnity will begin trading on the S&P 500 today, Monday, September 23.