Overview
- Palantir shares, which closed Thursday at $142.11, rose 4.7% after a tech rally tied to hopes for U.S.–Iran progress and Uber’s plan to spend more than $10 billion on self‑driving vehicles.
- Despite the bounce, the stock is down 15.4% for the year and sits 31.4% below its 52‑week high of $207.18, with 33 single‑day swings greater than 5% over the past 12 months.
- The company’s latest quarter showed strong execution, with revenue up 70% to $1.41 billion, U.S. commercial sales up 137%, and a GAAP operating margin of 41%.
- Valuation remains a hurdle, as Palantir trades at a trailing price‑to‑sales ratio of 68 and a market value near $316–$340 billion against roughly $4.5 billion in annual revenue, while share count has climbed 28% in five years.
- Six sessions earlier, a 7.6% intraday drop followed Michael Burry’s post claiming Anthropic is “eating Palantir’s lunch” and the debut of Anthropic’s Managed Agents, sharpening focus on competitive risks heading into earnings.