Palantir stock slips in early trade even after Citi’s “supercycle” upgrade
Palantir shares slipped 0.3% to $178.37 Wednesday after the company set its fourth-quarter earnings release for Feb. 2. Citi upgraded the stock to buy, citing a potential 2026 “supercycle” driven by AI and defense demand, and raised its price target to $235. Investors remain focused on whether upcoming results will justify Palantir’s premium valuation.