Today: 9 April 2026
Palantir stock slips in premarket as Karp’s college alternative grabs attention
29 December 2025
2 mins read

Palantir stock slips in premarket as Karp’s college alternative grabs attention

NEW YORK, December 29, 2025, 06:45 ET — Premarket

  • Palantir shares were down about 0.9% in premarket trading, after falling 2.8% at Friday’s close.
  • A report detailed CEO Alex Karp’s new paid “Meritocracy Fellowship” aimed at high school graduates as an alternative to college.
  • Investors head into a holiday-shortened final week with Fed minutes and housing data on deck.

Palantir Technologies shares fell $1.76, or 0.9%, to $186.95 in U.S. premarket trading on Monday. The data-analytics company ended Friday at $188.71. StockAnalysis.com

The move matters because Palantir has been one of 2025’s biggest winners, with its share price up about 150% for the year, leaving the stock more sensitive to shifts in risk appetite in the final sessions of the year. Investopedia

It also puts a spotlight on valuation. Palantir is trading at roughly 437 times trailing earnings — the stock price relative to the company’s past 12 months of profit — according to StockAnalysis.com, a level that can amplify swings when sentiment turns. StockAnalysis.com

Investors were also digesting a report on CEO Alex Karp’s latest push to challenge conventional credentials. Investopedia said Palantir paid 22 high school graduates about $5,400 a month this fall to forgo college and join a four-month training program with the potential for full-time engineering roles. Investopedia

“American universities are broken,” Karp said, according to Investopedia. The report said Palantir has not confirmed how many fellows will ultimately receive job offers. Investopedia

Investopedia said Palantir is accepting applications for its next fellowship in New York City, running from August to December 2026. Investopedia

Palantir’s dip came as U.S. stock index futures edged lower to start the holiday-shortened week, with tech and AI-linked names such as Nvidia and Oracle also down in premarket trading, a Reuters report said. Reuters

For Palantir, the next catalyst is still earnings and whether growth holds up against lofty expectations. Wall Street Horizon’s earnings calendar lists Feb. 2, 2026 as an “unconfirmed” after-market report date, meaning the company has not announced it and the date is forecast from past patterns. Wall Street Horizon

Analysts tracked by StockAnalysis.com have an average rating of “Hold,” with a 12-month price target of $171.74 — below the stock’s recent trading level. StockAnalysis.com

Macro data may shape the tape before the opening bell. The National Association of Realtors is due to release pending home sales for November at 10 a.m. ET on Monday, a report that can move rate expectations and, by extension, high-multiple growth stocks. NAR

Investors are also watching minutes from the Federal Reserve’s December meeting on Tuesday and weekly jobless claims on Wednesday, Investopedia said in a weekly markets preview. Investopedia

As background, Palantir’s stock has been supported this year by enthusiasm around demand for its AI-powered analytics software, especially from U.S. commercial customers and government agencies. In November, the company forecast fourth-quarter revenue above Wall Street estimates and raised its full-year outlook, Reuters reported. Reuters

Traders are watching whether the shares can stabilize after last week’s slide. StockAnalysis.com shows a 52-week trading range of $63.40 to $207.52, leaving the stock near the upper end of its yearly band even after the recent pullback. StockAnalysis.com

Stock Market Today

  • Notable Options Trading Activity in INTU, LRCX, SANM on Thursday
    April 9, 2026, 5:11 PM EDT. Thursday saw significant options trading volume in Intuit Inc (INTU), Lam Research Corp (LRCX), and Sanmina Corp (SANM), key components of the Russell 3000 index. INTU's options totalled 15,526 contracts, nearly 54.4% of its average daily share volume, with high activity on the $370 call expiring April 2026. LRCX options reached 53,078 contracts, some 51.9% of average daily volume, led by the $237.50 put expiring the same date. SANM saw 3,419 contracts traded, about 51.6% of its average, highlighting the $150 call for April 2026. This notable activity reflects heightened trader interest ahead of next year's April expirations.

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