New York, Jan 14, 2026, 16:34 EST — After-hours
- Shares dipped 0.3% in late trading after moving between $174 and $181.33 earlier in the session
- Citi raises Palantir to Buy and hikes its price target to $235
- Company scheduled to release fourth-quarter and full-year 2025 results on Feb. 2
Palantir Technologies shares dropped 0.3% to $178.40 in after-hours Wednesday, drifting lower along with many tech stocks despite a more positive outlook from Citi. The stock fluctuated between $174 and $181.33 during the session, with roughly 33 million shares changing hands.
That slight pullback counts, given Palantir’s surge has already baked in rapid growth expectations. Traders have swiftly hit the stock whenever signs of a slowdown emerge.
Citi’s call shifted attention to 2026 forecasts and how quickly companies are pouring money into AI projects, a trend that’s shaped the stock for months. As earnings approach, even subtle shifts in tone can move the shares.
The broader market showed weakness, with the Nasdaq-focused Invesco QQQ ETF dropping roughly 1.1%. The S&P 500 tracker SPY also edged down, losing 0.5%.
Snowflake slipped 1.5%, and Datadog slid 2.4%. On the flip side, C3.ai climbed 2.6%.
Citi’s Tyler Radke upgraded Palantir from neutral to buy, lifting his price target to $235 from $210, Investors.com reported. He cited accelerating enterprise AI budgets and rising defense spending as key drivers. Radke’s base case for 2026 calls for “another year of significant positive estimate revisions,” according to the report. A price target indicates where an analyst expects a stock to trade over the next year. Investors.com
The upgrade arrives alongside a hefty valuation. Palantir’s shares soared 135% in 2025, now trading around 178 times forward earnings, Barron’s noted—compared to roughly 22 times for the broader market. The report also highlighted a 199% rise in U.S. commercial remaining deal value, reflecting signed deals yet to convert into revenue.
Investors are focused on whether that pipeline will actually turn into revenue and cash. They’re also watching closely for how management describes demand for its Artificial Intelligence Platform, or AIP. For stocks trading at premiums, guidance usually carries more weight than the quarter’s results.
Palantir projected fourth-quarter revenue between $1.327 billion and $1.331 billion in November, beating analysts’ forecasts thanks to robust demand for its AI products. The upcoming results will reveal if the company can sustain that momentum while expanding further into commercial clients beyond its core government sector.
That said, the stock’s rally and lofty multiple make it vulnerable if guidance falls short or major government projects delay. A wider sell-off in high-growth tech might easily overshadow any positive company-specific headlines.
Palantir announced it will release its fourth-quarter and full-year 2025 earnings on Monday, Feb. 2, after the U.S. market closes, followed by a webcast at 5 p.m. ET. Investors will be watching closely for the call — and any guidance for 2026 — as the next major event for PLTR stock.
