Palantir Stock (PLTR) on November 17, 2025: What You Need to Know Before the Market Opens

Palantir Technologies (ticker: PLTR) heads into Monday’s U.S. stock market open on November 17, 2025 as one of the most talked‑about (and most polarizing) AI stocks in the world. After a record run above $200 per share earlier this month, the stock has pulled back sharply, volatility has spiked, and high‑profile bears like Michael Burry are openly betting against it – even as the company posts “otherworldly” growth and raises its outlook yet again. ^[1]

Here’s a detailed, data‑driven look at what’s going on with Palantir stock right now, and the key things traders and long‑term investors will be watching before Monday’s opening bell.

1. Where Palantir Stock Stands Heading Into Monday

As of the close on Friday, November 14, 2025, Palantir shares finished around $174.01, up about 1.1% on the day after another volatile session. The stock traded in a wide intraday range between roughly $164.50 and $177.29, with more than 62 million shares changing hands. ^[2]

Over the past month, PLTR has:

Rallied to an all‑time high near $207.52 on November 3
Then retreated roughly 16% from that peak by Friday’s close
Still remained up well over 100% year‑to‑date, making it one of 2025’s top‑performing large‑cap stocks ^[3]

The 52‑week range now stretches from about $58.85 at the low end to that recent high just above $207 at the top. ^[4]

On fundamentals, Palantir’s latest stats include:

Market cap: roughly $410–490 billion, depending on the data provider and intraday price
Enterprise value: about $409 billion
Analyst average 12‑month price target: $166.90, implying low single‑digit downside from current levels
Consensus rating: “Hold” from around 20–21 covering analysts ^[5]

For Monday’s open, that means Palantir starts the week:

Still priced for extremely high growth
Well off its recent peak, but
Sitting far above where it began 2025, with sentiment deeply split between believers and skeptics.

2. Q3 2025 Earnings: Hypergrowth and a Big Guidance Hike

Palantir’s latest leg of volatility started with Q3 2025 earnings, reported on November 3 after the close.

Key numbers:

Q3 revenue: about $1.18–1.20 billion, up 63% year‑over‑year – a record quarter for the company ^[6]
Adjusted EPS: roughly $0.21, well ahead of analyst expectations ^[7]
Net income: around $475–476 million, up about 40% versus the prior year ^[8]

Crucially, Palantir raised guidance again:

Q4 2025 revenue forecast:$1.327–$1.331 billion, well above Wall Street’s prior estimate near $1.19 billion ^[9]
Full‑year 2025 revenue guidance:$4.396–$4.4 billion, up from earlier guidance around $4.14–$4.15 billion ^[10]

CEO Alex Karp and management highlighted that this was the third consecutive quarter of raising the company’s outlook, and described Palantir’s growth – especially in AI – as “otherworldly.” ^[11]

Market reaction so far:
Despite the blowout numbers, Palantir’s stock initially dropped 7–9% in the first trading session after earnings, as investors balked at the valuation and took profits after an enormous run‑up. ^[12]

That combination – hypergrowth plus a post‑earnings selloff – is central to the PLTR setup heading into Monday’s open.

3. AI Platform (AIP): The Engine Behind Palantir’s Growth Story

The Artificial Intelligence Platform (AIP) is at the heart of Palantir’s bull case. Both management and outside analysts agree that AIP is driving a dramatic acceleration in the business.

From recent commentary and the Q3 investor materials:

U.S. commercial revenue jumped 121% year‑over‑year in Q3 to about $397 million, driven largely by demand for AIP solutions. ^[13]
Internal metrics shared with investors show U.S. commercial customer count up ~65% year‑over‑year, and U.S. commercial remaining deal value up nearly 200%. ^[14]
Research notes describe Palantir as an “AI powerhouse” and one of the strongest earnings stories in the AI software space this year. ^[15]

Palantir’s go‑to‑market strategy with AIP has focused on:

Short, intensive “bootcamps” that embed the software with new customers in days or weeks
Pricing models that tie revenue to usage and value delivered
Expansion within existing accounts once AIP is embedded in mission‑critical workflows

Heading into November 17, the key question for AIP is not whether it’s growing – it is – but whether that growth can continue at current speed long enough to justify the stock’s extreme valuation.

4. Government and Defense: The U.S. Army Mega‑Contract

While commercial AI is grabbing headlines, Palantir’s government and defense business remains a major pillar of the investment story – and a potential stabilizer for revenue.

Recent highlights include:

$10 billion U.S. Army Enterprise Agreement (EA) announced in July 2025, the largest contract in the company’s history. The 10‑year deal makes Palantir a central supplier for the Army’s data and AI infrastructure, consolidating many smaller contracts into a single framework. ^[16]
A $618.9 million Army Vantage contract extension in December 2024, extending Palantir’s role in the Army’s data platform strategy through 2028. ^[17]
A $178 million TITAN prototyping contract awarded in 2024 to build next‑generation AI‑enabled targeting ground stations, part of the Army’s broader modernization push. ^[18]

These deals:

Lock in multi‑year, high‑visibility revenue
Deepen Palantir’s integration into U.S. defense workflows
Create high switching costs, since mission‑critical systems are hard to rip out

For Monday’s open, there’s no specific new defense catalyst scheduled, but any fresh headlines about the Army EA, Vantage, TITAN, or new government wins could move the stock quickly, given how central defense is to Palantir’s long‑term narrative.

5. Valuation: Bubble Fears vs. “Category‑Defining” Growth

The most heated debate around Palantir is no longer about whether it can make money. It’s about how much investors are paying for that growth.

How expensive is PLTR right now?

Recent analyses highlight just how stretched the multiples have become:

Palantir is trading at more than 90× forecast 2025 revenue and roughly 240× forecast 2025 earnings, according to a weekend analysis that warns of up to 50% downside if sentiment turns. ^[19]
Reuters recently noted a forward P/E around 246, far above even AI bellwether Nvidia, which the same report put near 33× forward earnings. ^[20]
A Spanish business outlet described Palantir’s market cap of about $491 billion against roughly $4.4 billion in expected annual revenue as evidence of a potential “bubble,” despite record quarterly sales of about $1.2 billion and strong profits. ^[21]

In short: Palantir isn’t just expensive – it’s priced in a different universe from most large‑cap stocks.

The bull response

Supporters argue that:

Palantir is building the core operating systems for AI‑driven enterprises and defense agencies, a market they see as enormous and underpenetrated. ^[22]
Revenue growth above 60% with rapidly expanding margins is rare at this scale, and current valuation multiples could compress over time if earnings grow into them. ^[23]
The company has raised guidance repeatedly, is solidly profitable, and is in a stronger competitive position than many high‑growth peers.

The bear response

Skeptics counter that:

Even great businesses can become too expensive, and history is filled with examples where high‑flying growth stocks fell 50–70% once sentiment shifted. ^[24]
Several valuation models, including discounted cash‑flow analyses published this month, suggest 30–35% downside to a more “reasonable” fair value. ^[25]
The stock’s violent swings in November, with double‑digit single‑day moves around earnings, show how fragile the current price can be.

This valuation tug‑of‑war is the core backdrop for every move PLTR makes before and after Monday’s open.

6. Michael Burry’s Short and Alex Karp’s Fiery Response

Nothing underscores Palantir’s controversial status quite like the showdown between the company and famed investor Michael Burry (of “The Big Short” fame).

Recent filings and reporting indicate that:

Burry’s fund, Scion Asset Management, bought put options tied to around 5 million Palantir shares, with a notional value of roughly $900+ million, essentially betting that the stock will fall. ^[26]
He has publicly warned about a new bubble in AI stocks, pointing to Palantir’s roughly 400% gain since the start of the year and market cap near $490 billion as red flags. ^[27]

Palantir’s CEO Alex Karp has not taken this quietly:

In a CNBC interview, Karp called the short‑seller bets “egregious” and said he expects to be “dancing around when it’s proven wrong.” ^[28]
In another widely shared clip, he reportedly labeled Burry’s move “bats–t crazy,” arguing that betting against Palantir and Nvidia – two leaders in AI – reflects a profound misunderstanding of what’s happening in the sector. ^[29]

Heading into November 17, the Burry vs. Karp narrative adds an extra emotional layer to PLTR trading:

Any new social‑media comments, interviews, or filings related to that short could influence sentiment
The feud also reinforces the idea that Palantir sits right at the center of today’s AI boom vs. AI bubble debate.

7. Analyst Expectations: Hold Rating, Big Growth Forecasts

Despite all the drama, Wall Street’s official stance on Palantir is surprisingly muted.

According to aggregated analyst data:

Consensus rating:“Hold” – not a screaming buy, but not a clear sell either
Average price target: about $166.90, roughly 4% below Friday’s close ^[30]

On the earnings front, expectations do reflect Palantir’s rapid expansion:

Analysts tracking the stock forecast fiscal 2025 EPS around $0.52, which would be roughly 550% higher than the prior year’s result
For 2026, consensus EPS is projected to rise to around $0.79, another increase of more than 50% ^[31]

In other words, while many analysts think the stock is fully valued or slightly overvalued at current prices, they’re also modeling extremely strong earnings growth over the next two years.

That tension – high growth, high skepticism – is part of why PLTR can move so sharply on even small surprises.

8. November Volatility: A Rollercoaster Month for PLTR

If you’re watching Palantir before the open on November 17, you’re stepping into a stock that has already been through a wild November:

After earnings on November 3, PLTR surged to an all‑time high around $207.52, then dropped roughly 8% in a single session as traders took profits and valuation worries resurfaced. ^[32]
Over the first two weeks of the month, the stock suffered multiple 3–8% daily moves, with one research note highlighting a 14–15% slide just in the first week of November. ^[33]
A weekend wrap‑up from TipRanks noted that Palantir’s shares fell by about 10% over the past week, even as underlying fundamentals remained strong – a sign of investors wrestling with the valuation and macro concerns. ^[34]

Friday’s session (November 14) also underscored the volatility:

PLTR opened in the low $170s, dipped toward $169, then rebounded to close above $174, outperforming many other richly valued tech names in a broad risk‑off tape. ^[35]

For Monday, that recent history suggests PLTR could be especially sensitive to:

Any overnight headlines on AI regulation, interest rates, or the broader tech sector
Pre‑market moves in other AI leaders such as Nvidia
Fresh commentary on valuation from influential investors or analysts

9. What to Watch Before the Market Opens on November 17, 2025

Going into Monday’s U.S. session, here are the key factors to keep in mind if you’re tracking Palantir stock:

1. Pre‑Market Price and Liquidity

Watch how PLTR trades in pre‑market hours relative to Friday’s close around $174.
A strong bid above the mid‑$170s could signal that dip‑buyers are stepping back in after last week’s pullback, while weakness toward the mid‑$160s would suggest valuation fears are still in control. ^[36]

2. Headlines on AI, Defense and Contracts

Given Palantir’s business mix, traders will be scanning for:

Any new commercial AIP deployments or partnerships
Updates or commentary related to the $10 billion Army enterprise agreement, Vantage, or TITAN programs ^[37]
Broader geopolitical or defense news that might impact military AI budgets

Even small contract announcements can move PLTR, because they reinforce the “winner‑takes‑most” narrative around government AI platforms.

3. Macro and Interest‑Rate Sentiment

Palantir is trading at multiples that leave little margin for error:

If bond yields move higher or markets lean risk‑off again, richly valued growth names like PLTR can sell off quickly.
Conversely, any signs of easing rate pressures or renewed appetite for high‑multiple tech could buoy the stock. ^[38]

4. The Burry–Karp Narrative

New remarks from Michael Burry or Alex Karp – via interviews, posts, or filings – could sway short‑term sentiment.
The sheer visibility of this feud means even qualitative commentary (on bubbles, AI, or valuations) can become a near‑term trading catalyst. ^[39]

5. Technical Levels and Support

From recent trading:

Short‑term support: the recent low area around $164–165 from Friday’s session
Recent resistance: the $190–200 zone where the stock stalled on its way down from the all‑time high above $207 ^[40]

Traders will be watching how PLTR behaves if it revisits either end of that range.

10. Bottom Line: A High‑Conviction Story With High‑Octane Risk

Heading into the November 17, 2025 market open, Palantir stock sits at the crossroads of:

Exceptional operating performance – 60%+ revenue growth, surging AI demand, multi‑billion‑dollar defense contracts and rising profitability ^[41]
Extraordinary valuation – trading at multiples far above most large‑cap stocks, even other AI leaders, with prominent investors openly warning of a bubble ^[42]
Intense sentiment swings – a stock that can move 5–10% in a day on relatively modest headlines, fueled by heavy options activity and a passionate retail following ^[43]

For traders and long‑term investors alike, the key question before Monday’s open isn’t whether Palantir is growing – that’s clear from the numbers. It’s whether the current price reflects a reasonable path for that growth, or a level of AI euphoria that leaves little room for disappointment.

This article is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or a solicitation to buy or sell any security. Always do your own research or consult a licensed financial professional before making investment decisions.

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