Palantir Stock (PLTR) on Nov. 5, 2025: Shares Slip Amid AI Sell‑Off Despite Blowout Q3, Higher Guidance and Fresh Price‑Target Hikes
Palantir shares fell about 3.5% midday Wednesday after an 8% drop Tuesday, despite reporting record Q3 revenue of $1.181 billion and raising its 2025 outlook. The decline followed a broader tech sell-off and profit-taking, with investors citing concerns over Palantir’s high valuation—its forward P/E remains above 240x. Wall Street analysts raised price targets, but sentiment stayed cautious.