Palantir Stock (PLTR) Drops After Record Q1: Wall Street Is Stuck on One Number
Palantir shares fell 6.9% to $135.91 Tuesday after U.S. commercial revenue of $595 million missed analyst forecasts, despite record first-quarter results and a raised 2026 outlook. Revenue jumped 85% to $1.633 billion, and adjusted earnings reached 33 cents per share. The stock trades at about 153 times earnings, drawing scrutiny over its high valuation.