Palantir Technologies (NASDAQ:PLTR) Trading Down 1.7% – What’s Next?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) traded down 1.7% during trading on Wednesday . The stock traded as low as $177.25 and last traded at $177.75. 22,175,862 shares changed hands during trading, a decline of 71% from the average session volume of 77,455,680 shares. The stock had previously closed at $180.84.

Key Palantir Technologies News

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

• Positive Sentiment: Accenture partnership could accelerate enterprise AI deployments and widen Palantir’s commercial channel, improving sales cadence and credibility with large customers. Accenture and Palantir Form Business Group
• Positive Sentiment: Market narratives highlight Palantir’s transformation into a market leader in enterprise AI after strong 2025 adoption of its AIP platform — the company was a major contributor to tech and S&P sector gains last year. Palantir: From Meme Stock To Market Leader
• Positive Sentiment: Positive fundamental assessment: some analysts/investors point to Palantir’s strong Rule of 40 and fast growth vs. the AI software market as justification for a premium multiple. Is Palantir Technologies Stock a Buy?
• Neutral Sentiment: High-profile CEO real‑estate purchase (Alex Karp buying an Aspen‑area ranch) is newsworthy but likely immaterial to operating performance; may attract attention to insider activity. Palantir CEO Alex Karp nabs Aspen-area ranch
• Neutral Sentiment: Market commentary and trade ideas note low volatility and options setups around PLTR, reflecting that some traders see structured ways to express views without large directional exposure. Low Volatility In Palantir Stock Sets Up This Options Strangle
• Negative Sentiment: Valuation warnings: several analysts and commentators argue Palantir’s premium multiple is extreme relative to near‑term upside, flagging risk if growth slows — a direct headline criticizes an “exorbitant valuation” despite strong fundamentals. Palantir: Brilliant Fundamentals Offset By Exorbitant Valuation
• Negative Sentiment: Bearish views and downside scenarios: some Wall Street voices and investors warn of large potential declines for AI high‑flyers in 2026 and notable short positions/hedges (including press on Michael Burry), creating selling pressure risk. 2 AI Stocks to Sell Before They Drop
• Negative Sentiment: Analyst caution on near‑term upside: some pieces conclude that while Palantir’s long‑term story is compelling, analysts see limited upside in the coming year, which can cap the stock absent fresh catalysts. Is Palantir Technologies Stock a Buy?

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Northland Securities lifted their price target on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Mizuho boosted their price target on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. DA Davidson upped their price objective on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Performance

The company has a fifty day moving average price of $181.20 and a two-hundred day moving average price of $168.89. The company has a market cap of $423.66 billion, a P/E ratio of 423.22, a PEG ratio of 6.89 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTR) last released 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 return on equity of 15.48% and a net margin of 28.11%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 39,136 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $92,500. This trade represents a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,008,044 shares of company stock worth $164,601,839 in the last quarter. 9.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after acquiring an additional 8,168,604 shares during the last quarter. State Street Corp raised its stake in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after acquiring an additional 6,777,771 shares in the last quarter. Norges Bank bought a new position in shares of Palantir Technologies in the second quarter worth about $3,307,457,000. Invesco Ltd. boosted its stake in shares of Palantir Technologies by 5.9% in the 3rd quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after purchasing an additional 1,213,529 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Palantir Technologies by 3.8% during the 3rd quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock valued at $3,846,957,000 after purchasing an additional 769,238 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Company Profile

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.