PLTR
The stock is acting like it heard the hype
Palantir spent the day climbing about 2.5% to $135.63, helped along by the kind of headline fuel the market loves: Cathie Wood bought roughly $11 million more, Trump praise gave the stock a little political espresso shot, and Wedbush stayed in the bull camp.
But the valuation is doing parkour
Here’s the catch: when a stock already trades like it’s the prom king of AI, even good news can feel a little cramped. Palantir’s latest numbers were strong — $1.41 billion in revenue, up 70% year over year, and $0.25 in EPS — but the company is still trading at a towering PE around 215.
And the caution lights are flashing just enough to matter. Mizuho cut its price target to $185 even while keeping an Outperform rating, which is basically Wall Street’s version of: “We like it, but maybe don’t sprint blindfolded.” Add in Michael Burry’s skepticism and a few analysts trimming their enthusiasm, and the debate around PLTR is getting louder.
The next big date is the real test
The market now has one eye on May 4, when Palantir is set to report Q1 2026 earnings. That’s the kind of event that can either validate the sky-high expectations or remind everyone that gravity still exists.
A few extra wrinkles:
- insider selling has been chunky, with more than 1 million shares sold last quarter
- competition chatter around Anthropic is poking at the AI-magic story
- the stock’s recent pop is being driven as much by sentiment as fundamentals
Big picture: Palantir is still one of the market’s favorite AI thrill rides. Just don’t be surprised if the seatbelts get a workout before earnings.