Palantir Technologies (NASDAQ:PLTR) Stock Price Down 1.8% – What’s Next?

Palantir Technologies Inc. (NASDAQ:PLTR) shares dropped 1.8% during mid-day trading on Tuesday . The stock traded as low as $180.70 and last traded at $180.84. Approximately 22,972,594 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 77,667,117 shares. The stock had previously closed at $184.18.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Market narrative shifts from AI infrastructure to application-layer winners — Palantir is highlighted as a top application-layer AI pure play with big commercial traction, sticky deployments (Bootcamps) and large government contracts that support recurring revenue. The Application-Layer Rotation: 3 AI Pure Plays Poised to Win in 2026
• Positive Sentiment: Zacks sees Palantir beating ARM on current momentum: accelerating revenues, record margins and faster enterprise AI adoption give PLTR the stronger near-term buy case among AI-tech names. PLTR vs. ARM: Which AI-Tech Stock is the Better Buy Now?
• Positive Sentiment: Noted analysts (Dan Ives/Wedbush) and media personalities (Jim Cramer) continue to include Palantir among favored 2026 AI/tech names, which supports institutional interest and narrative momentum. Nvidia isn’t on Dan Ives’ top tech names list for 2026 but Palantir is Jim Cramer Says He Still Likes Palantir Very Much
• Neutral Sentiment: Zacks notes PLTR’s improving return-on-equity profile but points out ROE still trails some peers — reflecting heavy platform reinvestment that could lift long-term efficiency. PLTR’s ROE Snapshot: A Long-Term Efficiency Story in the Making
• Neutral Sentiment: Coverage lists Palantir among founder-led growth names and highlights its differentiated business model — supportive for long-term thesis but not an immediate price catalyst. 4 Founder-Run Stocks That Offer Solid Long-Term Growth Potential
• Negative Sentiment: Technical traders flagged a break of support and an intra-day pullback — charts point to short-term selling with potential next support near the mid-$170s. Stock Of The Day: Where Will The Palantir Selloff End?
• Negative Sentiment: Options flow shows moderately bearish positioning and notable short interest headlines (including reports Michael Burry has shorted PLTR), increasing downside pressure if momentum reverses. Option traders moderately bearish in Palantir Technologies Michael Burry Is Shorting Nvidia And Palantir
• Negative Sentiment: Valuation and red-flag analyses (TipRanks, Motley Fool) caution that PLTR’s large YTD run and very high multiples make it vulnerable to profit-taking and heightened expectations risk into 2026. Palantir (PLTR) Stock Forecast — 3 Red Flags Investors Can’t Ignore in 2026

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Cantor Fitzgerald lifted their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. UBS Group upped their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Citigroup increased their target price on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Down 1.8%

The stock has a market capitalization of $431.02 billion, a PE ratio of 430.58, a price-to-earnings-growth ratio of 7.32 and a beta of 1.50. The company’s fifty day moving average price is $181.23 and its 200-day moving average price is $168.46.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 19,004 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,008,844 shares of company stock worth $164,750,951. Company insiders own 12.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AIA Group Ltd raised its stake in Palantir Technologies by 5.7% during the third quarter. AIA Group Ltd now owns 48,297 shares of the company’s stock valued at $8,810,000 after purchasing an additional 2,606 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in shares of Palantir Technologies by 78.1% during the 3rd quarter. Strategic Investment Advisors MI now owns 3,499 shares of the company’s stock worth $638,000 after acquiring an additional 1,534 shares during the last quarter. Keel Point LLC lifted its position in shares of Palantir Technologies by 1.4% during the third quarter. Keel Point LLC now owns 17,560 shares of the company’s stock worth $3,203,000 after purchasing an additional 250 shares during the last quarter. Mirabella Financial Services LLP increased its stake in Palantir Technologies by 123.1% in the 3rd quarter. Mirabella Financial Services LLP now owns 21,255 shares of the company’s stock worth $3,870,000 after buying an additional 11,728 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in shares of Palantir Technologies by 7.2% during the third quarter. New Mexico Educational Retirement Board now owns 102,700 shares of the company’s stock worth $18,735,000 after acquiring an additional 6,900 shares during the period. 45.65% of the stock is currently owned by institutional investors.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.