Palantir (PLTR) Stock Dips 20% — Analysts Recommend Buying Opportunity Amid AI Defense Contracts
Palantir Technologies (PLTR) shares have declined 20% year-to-date, now trading 31% below their November 2025 peak of $207.18. Despite the pullback, Rosenblatt maintains a Buy rating with a $200 price target, suggesting 40% upside potential.
The company remains strategically positioned with a $2.3 billion Department of Defense contract for its Maven Smart System. Q1 earnings (due May 4) are projected to show 74% revenue growth to $1.54 billion and 115% EPS growth to $0.28.
Market concerns include valuation pressures and competition from AI startups, highlighted by short-seller Michael Burry's comments about Anthropic. Meanwhile, ethical investment groups are pressuring the Swiss National Bank to divest its $1.1 billion PLTR stake.
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