Palantir Technologies Inc (NASDAQ:PLTR) shares are extending their slide into Tuesday’s premarket session as investors grapple with a confluence of competitive, governance, and legal pressures.
The weakness traces back to Friday’s sector-wide drop after Anthropic unveiled Claude Code Security, an AI capability inside Claude Code that scans entire codebases, flags subtle vulnerabilities, and proposes patches for developer review.
Governance Scrutiny Mounts
Recent filings revealed Palantir reimbursed CEO Alex Karp $17.2 million for private-jet use in 2025, more than double the prior year. High-profile investor Michael Burry publicly criticized the expense, amplifying questions about cost discipline and board oversight.
Legal Overhang Persists
Palantir remains locked in litigation with AI startup Percepta over alleged misuse of confidential information. A judge declined to block Percepta’s operations, keeping execution risk elevated.
Technical Analysis
Palantir is trading 9.8% below its 20-day SMA and 25.4% below its 100-day SMA, showing the rebound attempt is still happening beneath key trend lines that often act as overhead supply.
Shares are up 44.02% over the past 12 months, but the current price is positioned closer to the 52-week low ($66.12) than the 52-week high ($207.52).
- Key Resistance: $145.00
- Key Support: $126.00
Earnings & Analyst Outlook
Looking further out, the next major catalyst for the stock arrives with the May 4 earnings report.
- EPS Estimate: 26 cents (Up from 13 cents YoY)
- Revenue Estimate: $1.54 Billion (Up from $883.86 Million YoY)
- Valuation: P/E of 207.3x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $162.96. Recent analyst moves include:
- Mizuho: Upgraded to Outperform (Target $195.00) (Feb. 18)
- DA Davidson: Neutral (Lowers Target to $180.00) (Feb. 3)
- Citigroup: Buy (Raises Target to $260.00) (Feb. 3)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Palantir Technologies, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Neutral (Score: 64.93) — The trend is constructive, but the stock isn’t acting like a top-tier leader right now.
- Value: Bearish (Score: 1.62) — The market is paying a steep premium, leaving less room for execution missteps.
- Growth: Bullish (Score: 98.7) — Growth expectations remain a core pillar of the bull case.
PLTR Price Action: Palantir shares were down 1.91% at $128.10 during premarket trading on Tuesday, adding to Monday’s 3.43% drop, according to Benzinga Pro data.
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