New York, April 28, 2026, 18:06 EDT
Shares of Palantir Technologies slipped roughly 1.3% on Tuesday, dipping to around $141 after Citi lowered its price target on the stock to $210 from $260 but maintained its buy recommendation. The move adds extra weight just ahead of the data-analytics company’s upcoming earnings. Earlier in the day, the stock hit a session low near $140.42.
Timing’s key here. Palantir is scheduled to post its first-quarter numbers after the U.S. market shuts down on Monday, May 4. The webcast kicks off at 5 p.m. ET. Investors will be watching to see if appetite for its artificial-intelligence software can still justify one of the market’s loftier valuations.
Wall Street expects revenue to climb 74% on the year, with adjusted earnings per share coming in at 28 cents—figures that leave out certain costs, according to a Motley Fool piece run by Yahoo Finance. That same article points out Palantir shares have fallen nearly 20% so far this year, with the stock trading at a steep 226 price-to-earnings ratio. The company is also staring down possible competition in data analytics from both Snowflake and C3.ai.
Despite trimming his price target, Citi’s Tyler Radke kept an upbeat tone, citing sector-wide pressure on software valuations. “We expect continued momentum in Q1 in both U.S. government and commercial,” Radke wrote. He still sees Palantir as one of the “top artificial intelligence beneficiaries” as more enterprises adopt AI. Investors
In a separate piece for Seeking Alpha, Florian Muller took a more measured tone. According to Muller, Palantir’s risk-reward picture looks better after the stock’s 31% slide from its peak. Still, he argued, it’s going to take continued growth and margin expansion to justify the present valuation. As he put it, Palantir’s valuation has only shifted from “dark red” to “orange.” Seeking Alpha
Palantir set expectations sky-high with its latest report. Fourth-quarter 2025 revenue jumped 70% to $1.407 billion, according to the company, while U.S. commercial revenue soared 137%. Guidance now points to first-quarter revenue between $1.532 billion and $1.536 billion, and full-year 2026 revenue ranging from $7.182 billion to $7.198 billion. “We are an n of 1, and these numbers prove it,” CEO Alex Karp said at the time. Business Wire
Bulls circled fresh commercial headlines after Cleveland-Cliffs announced on Tuesday a three-year deal to roll out Palantir’s AI platform throughout its operations and commercial lines. CEO Lourenco Goncalves credited pilot results, calling Palantir the “platform of choice” for the steelmaker. Business Wire
But risk hasn’t disappeared. Germany’s military isn’t moving forward with Palantir contracts at this point, Reuters said Tuesday. Citing cyber defence chief Thomas Daum: “I don’t see that happening at all at the moment,” he told the outlet, pointing to current concerns about letting industry staff into the national database. Reuters
That puts extra pressure on next week’s report. Even if Palantir delivers a textbook beat, investors could still shrug if they think the stock leaves no margin for slip-ups. Any hint of softer guidance, sluggish deal flow, or a slowdown in U.S. commercial business would hand critics more ammunition. For the moment, Palantir’s still seen as an AI software heavyweight—with a share price that assumes the growth story isn’t letting up.
