New York, Jan 12, 2026, 16:59 EST — After-hours
- Palantir shares climbed roughly 1.1% in after-hours trading following Citi’s upgrade to “Buy” and a raised price target.
- Palantir scheduled its fourth-quarter and full-year earnings for Feb. 2, with a webcast to follow after the market closes.
- Investors face a tough balance: betting on AI-driven growth while valuations offer almost no cushion for mistakes.
Palantir Technologies (PLTR.O) shares climbed about 1.1% in after-hours trading Monday following a Citi upgrade to “buy.” The data-analytics firm’s price target was raised, with the bank citing stronger demand for AI tools. The stock settled at $179.41, swinging between $174.03 and $182.48 during the session. 1
The call carries weight as Palantir remains valued for rapid growth despite a strong rally last year, making it vulnerable to minor changes in forecasts. Citi’s Tyler Radke noted the company has “broken” conventional valuation metrics, even with shares trading at a forward price-to-earnings ratio near 178 — a multiple anchored to anticipated profits. 2
Radke predicts an upcoming “supercycle” driven by both corporate and government buyers, fueled by “agentic” AI—software capable of acting autonomously—and increasing defense budgets. He outlined a scenario where revenue growth could near 80% in 2026 if deal momentum continues to build. 3
Denver-based Palantir announced it will release its fourth-quarter and full-year results on Feb. 2, following the close of U.S. markets. The company will also hold a webcast at 5 p.m. ET that day. 4
Some investors have been cashing out. Cathie Wood’s ARK Invest trimmed its stake in Palantir by offloading 58,741 shares, while boosting its position in Broadcom, according to Barron’s. 5
Palantir sells software designed to help clients aggregate and analyze massive datasets, a business it developed primarily with government and defense agencies before expanding more aggressively into commercial sectors. Its Artificial Intelligence Platform, called AIP, is marketed as a tool for building and deploying AI applications using that data.
The broader market tilted risk-on once more, pushing the S&P 500 and Dow to record closes Monday. Tech stocks and Walmart shares gained, according to a Reuters report. 6
Still, the upgrade leaves the key risk untouched: valuation. If bookings falter, corporate AI spending slows, or government contracts get delayed, a stock priced for growth could take a hit.
Macro data might shift sentiment fast. The December U.S. consumer price index drops Tuesday at 8:30 a.m. ET, a key release that frequently alters interest-rate expectations and rattles high-multiple software stocks. 7
Palantir watchers have their eyes on Feb. 2 — when the company reports earnings and updates guidance, potentially shedding light on whether its AI software is gaining traction beyond just early adopters.
