Palantir (PLTR) Stock Today, November 28, 2025: Price, News and AI Growth Outlook

Palantir Technologies Inc. (PLTR) is edging higher in Friday trading as Wall Street continues to wrestle with a rare combination: explosive AI‑driven growth on one side, and increasingly loud warnings about overheated valuations on the other.

As of late‑morning U.S. trading on Friday, November 28, 2025, Palantir stock is around $167.80, up roughly 1.2% on the day. Shares opened near $167.90 and have traded between about $165.9 and $168.2 so far, with intraday volume just over 7.7 million shares, well below a recent three‑month average in the mid‑50‑million range. ^[1]

The move comes after a bruising but still stellar year. Palantir hit a record high of $207.52 on November 3, 2025, and is still up about 104% year‑to‑date despite a double‑digit pullback in November. ^[2] Since 2023, the stock has risen nearly 2,300%, making it one of the dominant winners of the AI boom. ^[3]

Palantir Stock Snapshot for November 28, 2025

Key numbers for Palantir Technologies Inc. (PLTR) today:

Latest price: ≈ $167.80
Day change: up about $2.03, roughly +1.2%
Today’s intraday range:$165.9–$168.2 (approx.)
52‑week range: about $63.40–$207.52 ^[4]
Market cap: around $395 billion ^[5]
Today’s volume (so far): ~7–8 million shares vs.
3‑month average volume around 56 million shares ^[6]
Valuation: forward earnings multiple in the hundreds and one of the highest revenue multiples in the S&P 500; The Economist has described Palantir as “possibly the most over‑valued firm of all time,” estimating ~85x forward sales. ^[7]

For context, Investing.com data show Palantir’s stock has gained roughly 150% over the past 12 months, with that $63–$207 trading band underscoring just how volatile the ride has been. ^[8]

Why PLTR Is Moving: Blockbuster AI Quarter Meets Valuation Jitters

Earnings: “Otherworldly” AI‑Driven Growth

The backdrop for today’s trading is Palantir’s standout third‑quarter 2025 results, released earlier this month:

Q3 2025 revenue: about $1.18 billion, up 63% year‑over‑year, beating consensus estimates. ^[9]
Adjusted EPS: roughly $0.21; GAAP EPS around $0.18. ^[10]
Net income margin: roughly 40%, reflecting strong scalability. ^[11]
U.S. commercial revenue:$397 million, up 121% year‑over‑year, the key growth engine. ^[12]
U.S. government revenue: about $486 million, up 52% year‑over‑year. ^[13]
Full‑year 2025 revenue guidance: raised to ~$4.396–$4.4 billion, implying ~53% growth, marking the third straight quarterly guidance hike. ^[14]

CEO Alex Karp has described Palantir’s AI‑driven business momentum as “otherworldly” and labeled the U.S. commercial franchise a “juggernaut,” language that has reinforced the narrative of Palantir as a core infrastructure player in the AI era. ^[15]

Yet, despite these numbers, the stock sold off hard after earnings. One post‑earnings analysis estimated that PLTR had fallen more than 21% from its all‑time high even as the company smashed expectations and raised guidance, raising the question of whether investors are “getting its incredibly strong quarter for free.” ^[16]

November Pullback: A Hot AI Winner in a Cold Month

Palantir’s intraday gain today comes after a tough month for AI‑exposed tech stocks:

A MarketWatch review of November’s tech sector laggards highlighted Palantir as one of the worst performers, down about 17.3% for the month as concerns about AI valuations resurfaced. ^[17]

At the same time, Investor’s Business Daily notes that even after this correction, PLTR remains up about 104% in 2025, on top of a big run last year, and hit that $207.52 all‑time high on November 3. ^[18]

In other words, today’s modest bounce looks more like a pause or consolidation in a wildly successful but increasingly controversial AI trade than a dramatic change in trend.

Fresh Headlines Shaping Sentiment Around PLTR

Several new stories are swirling around Palantir today and this week, helping to frame how investors see the stock.

1. Big Numbers, Big Skeptics

Valuation worries: As noted, The Economist and others have pointed out that Palantir trades at dozens of times forward sales, making it one of the most expensive names on the S&P 500 and a poster child for AI exuberance. ^[19]
Michael Burry’s AI bubble warning: Michael Burry, famed for “The Big Short,” recently disclosed put options against both Palantir and Nvidia, with notional exposure of around $1.1 billion. In a lengthy Substack essay, he argued that AI infrastructure accounting (especially depreciation of high‑cost chips and data centers) may be understating future risks and flagged AI as a potential bubble. ^[20]

While Burry’s puts are relatively small compared with the companies’ market caps, his involvement boosts the narrative that Palantir’s valuation might be ahead of fundamentals, regardless of its strong quarter.

2. Institutional Flows: Mixed but Active

Institutional investors have been actively reshuffling their Palantir exposure:

HSBC Holdings increased its stake by 28.4% in Q2, bringing its investment in PLTR to about $742 million, according to recent filings. ^[21]
Laidlaw Wealth Management, by contrast, cut its position by 29.2% in the same period. ^[22]
A recent allocation update showed Cathie Wood’s ARK Invest rotating out of some Palantir and AMD exposure while putting more capital into Alphabet and other mega‑cap names, suggesting some investors are taking profits in high‑beta AI names. ^[23]

The takeaway: Palantir is far from being quietly held in long‑only portfolios—it’s a battleground stock where big funds are actively trading around the volatility.

3. Analyst Ratings: Consensus “Hold,” Targets Near Current Price

Across major data providers, Palantir generally carries a “Hold” consensus:

StockAnalysis reports that 20 analysts following PLTR have a consensus “Hold” rating and an average 12‑month price target around $166–167, with a wide spread from about $50 on the low end to $255 on the high end. ^[24]
TipRanks data show 10 Buy, 16 Hold, and 3 Sell ratings in recent months, with an average target around $187.87. ^[25]
MarketWatch lists roughly 28 analyst ratings with an average target near $189.40, also under a “Hold” umbrella. ^[26]

Recent individual moves include:

Mizuho raising its price objective from $165 to $205 (Neutral). ^[27]
Loop Capital bumping its target from $178 to $180 with a Buy rating.
Goldman Sachs lifting its target from $141 to $188 while staying Neutral.
Wedbush maintaining an “Outperform” stance with a $200 target. ^[28]

Those targets cluster right around or modestly above today’s price, reinforcing the idea that, at current levels, even bulls see limited near‑term upside unless Palantir continues to beat expectations.

AI, Defense and Government Deals: The Growth Engine Behind PLTR

While the stock trades on sentiment and macro AI narratives, Palantir’s contract pipeline remains central to the fundamental story.

Recent developments include:

A new Enterprise Service Agreement with the U.S. Army, announced July 31, 2025, creating a long‑term framework for the Army’s software and data needs. The agreement aims to enhance military readiness and deliver cost efficiencies while scaling commercially available AI solutions. ^[29]
A partnership with Exiger to deploy AI‑powered supply‑chain tools for the Army, intended to improve multi‑tier visibility and readiness. ^[30]
A Marine Corps enterprise license for Palantir’s AI‑enabled Maven Smart System, aimed at spreading the capability across the force. ^[31]
A controversial but significant contract for ImmigrationOS, an AI system for U.S. Immigration and Customs Enforcement (ICE) that tracks and manages immigration cases, with a prototype due in late 2025 and a contract running through 2027. ^[32]
An expanded collaboration with Accenture Federal Services to bring Palantir’s AI platforms into more federal agencies, targeting high‑priority operational problems. ^[33]

These deals sit on top of Palantir’s longstanding work with U.S. defense and intelligence agencies, where software like Gotham and newer AI capabilities help decision‑makers integrate data and run simulations across multiple domains. ^[34]

On the commercial side, the company continues to sign new customers for its AI Platform (AIP), with U.S. commercial revenue growth — up 121% year‑over‑year in Q3 — becoming the star metric in nearly every earnings recap. ^[35]

Bull vs. Bear: How Investors Are Framing Palantir Stock Today

A recent breakdown of three bull vs. bear cases for PLTR captures how divided the market is. ^[36] Here’s how those arguments look around today’s price.

Bull Case: Why Some See More Upside

Explosive, high‑quality growth
- Revenue up 63% year‑over‑year and guidance for ~53% full‑year growth would be impressive for any software company, let alone one at Palantir’s scale. ^[37]
- U.S. commercial growth at triple‑digit rates suggests AIP is gaining real traction with enterprises, not just governments. ^[38]
Sticky platforms with deep moats
- Palantir’s software is embedded in critical operations for defense, intelligence and large enterprises. Once installed, switching costs are high, and contracts often grow in size over time. ^[39]
Strong margins and balance sheet
- The company is now consistently profitable with expanding GAAP operating margins (around 33% in Q3), significant free cash flow, and no pressing need to raise capital. ^[40]
Structural AI tailwinds
- Corporate and government demand for AI‑driven decision platforms is still in the early innings. Palantir bulls argue the company sits at the center of a decade‑long AI infrastructure build‑out. ^[41]
High‑profile backing & attention
- Inclusion in major AI “idea lists” from firms like Zacks and repeated comparisons to Nvidia in the financial press keep Palantir on the radar of growth‑oriented investors. ^[42]

Bear Case: Why Others Are Nervous at $160–$170

Valuation, valuation, valuation
- Trading at tens of times forward revenue and hundreds of times earnings, Palantir is priced for continued perfection. Skeptics argue any slowdown — or even simply “less amazing” growth — could trigger sharp multiple compression. ^[43]
Crowded AI trade and bubble risk
- With figures like Michael Burry openly shorting the stock and warning about an AI bubble, bears see Palantir as emblematic of an overheated theme rather than a safe compounder. ^[44]
Dependence on government contracts and political risk
- A large portion of Palantir’s revenue still comes from government clients — including defense, intelligence and immigration — exposing the company to shifting political priorities, budget cycles and, in some cases, public backlash, especially around surveillance and immigration enforcement. ^[45]
Ethical and regulatory overhangs
- Programs like ImmigrationOS and deep integration with security agencies invite scrutiny from privacy advocates and regulators. Bears fear tighter rules on data use or algorithmic accountability could weigh on growth or margins over time. ^[46]
Volatility and profit‑taking risk
- With the stock up hundreds of percent in just a couple of years and November already showing a 17%+ drawdown, traders can be quick to lock in profits, amplifying swings in both directions. ^[47]

What Today’s Trading Could Mean for Palantir Investors

Today’s modest gain near $168 doesn’t resolve the debate around Palantir stock, but it does highlight a few themes:

Fundamentals are currently aligned in Palantir’s favor. Revenue is accelerating, profitability is strong, and guidance is moving up, not down. ^[48]
Valuation is doing the heavy lifting. Even neutral or cautious analyst targets cluster around the current price, meaning upside may depend on Palantir continuing to beat already‑lofty expectations. ^[49]
Sentiment is fragile. With short‑sellers, macro AI concerns, and institutional profit‑taking in the mix, Palantir can move sharply in either direction on new data, headlines or macro shocks. ^[50]

For short‑term traders, PLTR remains a high‑beta AI momentum name. For long‑term investors, the central question is whether Palantir’s AI platforms and government relationships justify one of the richest valuations in global equities — and how long that premium can last.

What to Watch Next

Looking beyond today’s tape, a few catalysts are likely to shape Palantir’s stock path:

Q4 2025 earnings and 2026 guidance
- Palantir’s next earnings report is currently expected around February 2, 2026. Investors will be watching whether Q4 revenue lands near the company’s guidance (roughly $1.33 billion, or 61% growth), and how management frames 2026 growth in a more mature AI market. ^[51]
New AI and defense contracts
- Any expansion of existing Army or Marine Corps agreements, additional federal deployments through Accenture, or new large‑scale corporate AIP rollouts could reinforce the growth narrative. ^[52]
Regulatory and political developments
- Immigration, data privacy and AI‑regulation debates may directly affect Palantir’s government work and public perception, especially around platforms like ImmigrationOS. ^[53]
Broader AI sentiment
- If investors continue to rotate out of high‑multiple AI names, even strong execution might not spare Palantir from volatility. Conversely, renewed enthusiasm for AI infrastructure could quickly lift PLTR back toward the $200 region. ^[54]

Important Note

This article is for informational and news purposes only and does not constitute financial advice, investment recommendation, or a solicitation to buy or sell securities. Stock markets are volatile and risky; always consider your own financial situation and risk tolerance, and consider consulting a licensed financial professional before making investment decisions.

The Future of Warfare | Palantir