New York, Feb 10, 2026, 16:13 EST — After-hours
- Palantir dropped 2.3% on Tuesday, trailing a mixed U.S. session.
- Daiwa bumped Palantir up to “buy,” slapping a $180 price target on the stock.
- Wednesday’s U.S. jobs report has investors on alert, hunting for the next move in high-growth tech.
Palantir Technologies dropped 2.3% to $139.63 in Tuesday’s session, shrugging off an upgrade to “buy” from Daiwa Securities Group.
This shift is notable. Palantir now acts as a high-beta stand-in for Wall Street’s mood on AI software demand—a role that’s seen plenty of volatility this month. Investors are getting jittery, wondering just how quickly all that spending will show up on the bottom line.
U.S. equities closed with uneven results on Tuesday as retail sales fell short of forecasts, and investors kept their positions tight, waiting for the postponed jobs data set for Wednesday, according to Reuters. “Nobody wants to get too far above their risk budget,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Reuters
Daiwa bumped its price target to $180, projecting where the stock might land in the coming year, a MarketBeat note showed.
Palantir shares swung from $137.78 to $146.24 on Tuesday, underscoring the volatility that continues to grip the software group.
Beyond the figures, the company is facing fresh questions from within its own ranks about its ties to U.S. immigration enforcement. WIRED says CEO Alex Karp addressed the issue in a video sent to staff—it ran close to an hour—fielding ICE-related concerns and promising NDAs for anyone wanting deeper disclosure. “We’re behind the curve internally,” he acknowledged in the recording, according to WIRED. WIRED
Questions about political backlash and increased scrutiny haven’t been far from investors’ minds when it comes to Palantir’s government contracts—an issue CEO Alex Karp has batted down in recent remarks.
Valuation presents another, less obvious risk. A jolt in macro data can swiftly knock down stocks priced for big growth—particularly while questions swirl about just how sturdy demand really is for “AI” software seats and related tools.
Next up: traders are eyeing Wednesday’s U.S. nonfarm payrolls data, which has the potential to shake up rate-cut expectations and, by extension, demand for high-multiple software stocks such as Palantir.
