For some Palantir Technologies Inc. NASDAQ: PLTR investors, it seems like the thrill is gone as it relates to PLTR. The stock is down about 20% in 2026.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) builds enterprise software platforms, including Gotham for defense and intelligence customers and Foundry and AIP for commercial AI deployments.
Palantir has helped the Internal Revenue Service's Criminal Investigations office probe a variety of financial crimes in the U.S. for much of the last decade, The Intercept reported.
Palantir has secured a Pentagon program of record, ensuring stable, long-cycle government revenue and institutionalizing its defense role. PLTR delivered record 70% YoY revenue growth and 93% US market growth, with commercial deal flow and net retention rates accelerating. Guidance for 2026 revenue ($7.18–$7.20B) exceeds consensus by over $1B, with US commercial revenue projected to rise 115%.
Palantir (NASDAQ: PLTR) has been relentlessly growing its business in recent years and, given its generally bullish stance on the equity, Wall Street has certainly taken notice.
The software company Palantir has waded into online fashion discourse after its head of strategic engagement, Eliano A. Younes, posted pictures of a “lightweight Palantir chore coat” to X.
Palantir Technologies Inc. is rated Hold as competitive pressures and AI disruption challenge its prior near-monopoly narrative. PLTR's Maven AI platform may not have performed optimally during recent U.S.-Iran operations, highlighting limitations and raising questions about cost-effectiveness. Commercial sector growth is threatened by AI startups like Anthropic, potentially eroding PLTR's pricing power and margin expansion.
Palantir outshines SoFi with stronger AI-driven growth, rising demand and solid financials, making it the more compelling high-growth tech pick.
Shares of Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) are down roughly 7% in Thursday afternoon trading, changing hands near $142 after starting the session at $152.62.
Analysts at DZ Bank just put their stamp of approval on one of Wall Street's most-watched AI names, launching coverage of Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) with a Buy rating and a $175 price target.
Palantir stock rose amid a report that the DOD has put in a massive $2.3 billion funding request for the company's Maven Smart System.