Palantir stock drops after earnings pop as PLTR traders weigh upgrades, AI jitters
Palantir shares fell 2.8% to $153.50 Wednesday morning, reversing part of a 6.9% jump after strong earnings and a 2026 revenue forecast of up to $7.2 billion. U.S. commercial revenue surged 137% in the fourth quarter. Analysts raised price targets but flagged valuation risks as software stocks face pressure from AI disruption.