Recently, Zacks.com users have been paying close attention to Palantir Technologies (PLTR). This makes it worthwhile to examine what the stock has in store.
Palantir is upgraded to bullish after a 48% share price decline and record-breaking Q1 fundamentals. PLTR delivered 85% YoY revenue growth, 150% net dollar retention, and $11.8B in remaining deal value—highlighting accelerating business momentum. Forward guidance was raised to $7.65–$7.66B revenue (+71% YoY), with EPS growth expected to exceed 100% through 2028, compressing valuation multiples.
Thanks to its integration with the U.S. military, Palantir (NASDAQ: PLTR) stock temporarily reversed its previous losses with the onset of the Iran War before suffering another drop in early April.
Palantir has been known to command an eye-watering valuation premium relative to the rest of the software industry. But as the artificial-intelligence hardware trade continues to suck up investor dollars, shares of the data-analytics company have come to fetch a slightly less outrageous multiple.
Shares of Palantir Technologies extended their recent slide on Thursday, falling for a seventh consecutive trading session and putting the stock on track for its lowest close in more than a year. Palantir shares dropped 5.8% to $106.88 during trading.
The stock is set to close lower for a seventh straight trading session.
Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) stock are down 6% in Thursday morning trading, changing hands near $106.50 after a prior close of $113.50.
Palantir (NASDAQ:PLTR | PLTR Price Prediction) has been one of 2026's most punished AI winners, sliding from a December peak near $183.25 to roughly $113.50.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Palantir's revenue grew 85% year over year in its most recent quarter. The stock trades at about 128 times earnings even after a steep decline this year.
Amid rising investor demand for Artificial Intelligence (AI) stocks, Wedbush analyst Daniel Ives has maintained a bullish stance on Palantir Technologies Inc. (NASDAQ: PLTR).
Palantir's failed rebound and breakdown below prior support now shift attention to lower Fibonacci and measured-move targets, with resistance overhead still likely to cap any near-term bounce.