Palantir Technologies Stock Slides Amid Analyst Ratings and Investor Activity

Palantir Technologies shares fell 1.5% on Friday, touching a low of $129.05 before ending at $132.38, with trading volume about 33% below the daily average. The dip comes as analysts issued mixed ratings: DA Davidson reaffirmed a buy rating with a $175 price target, DZ Bank also set a $175 target, while RBC maintained an underperform view with a $90 target. President Capital upgraded its stance to buy with a $133 target, Phillip Securities raised its target to $202, and Rosenblatt issued a buy rating with a $225 target.

Investor activity shifted as Midwest Professional Planners reduced its stake by 46%, holding 6,155 shares worth roughly $900,000. At the same time, several large funds increased holdings: Vanguard added shares to own 215.4 million, State Street added to 102.4 million, Geode Capital to 54.2 million, Norges Bank acquired a new stake, and Invesco boosted its position to 22.4 million shares.

Morningstar evaluated Palantir at a fair value of $153, about 13% below the current price, citing strong growth rates, high customer retention and a “moat” from switching costs, while noting risks from insider sales and the NHS contract. The firm’s partnership with Nvidia on sovereign AI infrastructure was highlighted as a potential long‑term growth catalyst. Additionally, Palantir’s U.S. revenue was reported to have doubled recently.