Overview
- Shares fell 5.6% Friday to $167.86 on heavy volume, leaving the stock roughly 10% lower over the past five sessions.
- The decline tracked a broader software selloff and a rotation into chipmakers, with the semiconductor index up about 4% on gains in Nvidia and Intel.
- Analysts also pointed to profit-taking after a 2025 surge of about 134%–140% and to tax-timing sales on the year’s first trading day.
- Despite valuation near 390 times trailing earnings, Palantir’s growth engine remains solid, including Q3 revenue of $1.18 billion up 63% year over year, a 12th straight GAAP-profitable quarter, raised full-year guidance, and large Army and Navy awards.
- Investors are watching for the next earnings report and U.S. data to guide direction, with risks still centered on lofty multiples and a revenue base that is majority government.