Palantir Stock Just Sank After a Blowout Quarter. Wall Street Is Finding the One Thing It Didn’t Like
Palantir shares fell 1.4% to $134.04 despite reporting record quarterly revenue growth and raising its 2026 outlook. U.S. commercial revenue missed estimates by $10 million, triggering the drop. First-quarter revenue rose 85% to $1.63 billion, while government sales climbed 84%. Bank of America maintained a Buy rating but warned expectations remain high.