Palantir Stock (PLTR) Drops After Record Q1: Wall Street Is Stuck on One Number
Palantir Technologies shares slumped 6.9% to $135.91 on Tuesday, as Wall Street punished the stock in spite of record first-quarter revenue, stronger profit, and a bumped-up 2026 forecast. Investors zeroed in on valuation concerns and a U.S. commercial sales number that missed the mark. The stock was still under pressure headed into Wednesday's U.S. premarket.
