PLTR - Palantir Technologies Inc.
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.
Palantir Technologies Inc. (NASDAQ:PLTR) is enduring its worst month since 2021, with the stock shedding more than a third of its value in June and trading at 52‑week lows.
Salesforce (NYSE:CRM | CRM Price Prediction) and Palantir (NASDAQ:PLTR) both delivered blowout quarters this spring, yet the market punished each stock.
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.
Palantir announced more contract wins this week, but its stock touched a 52-week low. At 100x FCF, Palantir stock isn't yet cheap, but it's getting there.
Stocks are mixed, with the Nasdaq down triple digits as Apple (AAPL) weighs, while the Dow hits record highs
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.
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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.
High levels of optimism about a company's future can lead to risky valuations in the present.
Wedbush analyst Daniel Ives kept a bullish view on Palantir Technologies (PLTR) on June 24, saying the stock could rise sharply over the next 12 months.Ives rep
Palantir stock keeps falling and is set to log its worst monthly decline since February 2021.
Amid rising investor demand for Artificial Intelligence (AI) stocks, Wedbush analyst Daniel Ives has maintained a bullish stance on Palantir Technologies Inc. (NASDAQ: PLTR).
Zeta Global stock price jumped on Tuesday after the company intensified its pivot towards artificial intelligence (AI) by partnering with Palantir Technologies. It jumped to $20.50, and then pared back some of those gains to close at $19.50.
Palantir's pullback in 2026 seems like an opportunity for savvy investors to buy an AI stock for the long haul. Though Palantir is still trading at a premium valuation, its phenomenal growth and massive backlog justify its multiples.
Nvidia's next chip burns power like 100 homes per rack. The stocks solving that heat problem are an overlooked trade in AI right now.
Palantir Technologies TodayPLTRPalantir Technologies$116.70 -2.80 (-2.34%) As of 04:00 PM Eastern52-Week Range$116.18▼$207.52P/E Ratio131.13Price Target$192.76Add to WatchlistSome might say Palantir Technologies NASDAQ: PLTR is becoming boring. PLTR stock is down nearly 28% in 2026, but most of that decline came in January and February, which continued the broader tech sell-off that started in November 2025.