The disconnect between Palantir’s operating performance and its stock price has rarely been starker. While the company locks in high-profile government contracts and posts triple-digit revenue growth in its core market, the share price has shed nearly half its value from November’s record high. On Friday, the stock clawed back 5.35% to close at €99.40, but that still leaves it more than 43% below the 52-week peak of roughly €180 and off by over 30% year to date.
Investor Michael Burry, who had been betting against the data-analytics firm, partly threw in the towel. The Big Short investor halved his short position during the week, helping to fuel Friday’s rebound. According to filings, Burry still holds put options expiring at the end of 2027, signalling he has not abandoned his bearish view entirely. His earlier presence had weighed heavily on sentiment, but the stock had already hit a 52-week low of €93.30 just two days earlier.
Meanwhile, Palantir’s deal-making machine continues to run. On 22 June the company secured a central role in the US Army’s next-generation command-and-control system, adding to the $22 million it received from the Department of Defense in March. Across the Atlantic, London’s Metropolitan Police is trialling Palantir’s software for crime analytics in a pilot worth £2 million. These government wins reinforce the narrative that Palantir’s platforms are becoming indispensable for national security, yet they have done little to halt the share slide.
Insider activity has only deepened the bearish undertow. Senior executives have been offloading large blocks of stock in recent weeks, a move that traditionally sours retail sentiment and amplifies technical weakness. The chart looks bruised: all major moving averages now point south, and the share price trades well below the 200-day line. Analysts, in contrast, see a buying opportunity. The consensus price target stands at €160.40, implying upside of more than 60% from current levels.
Should investors sell immediately? Or is it worth buying Palantir?
A fresh commercial alliance could help bridge the gap. Palantir announced a strategic partnership with Zeta Global, which will migrate its data cloud onto the Palantir Foundry platform. Zeta expects the move to generate an additional $100 million in annual revenue over the medium term. The deal is thematically aligned with the broader AI infrastructure buildout, though analysts caution it will not translate into an immediate earnings pop.
Operating results already paint a vivid picture of expansion. First-quarter revenue surged 85% to $1.63 billion, with US commercial revenue leaping 133%. Management raised its full-year revenue guidance to north of $7.6 billion. Yet the market remains unimpressed, fixated on valuation and technical damage. The stock now sits nearly 45% below its 52-week high, a gulf that no single contract or partnership has been able to close.
Traders will look to macro data this week for a potential catalyst. The US government releases the June jobs report on Thursday, a day early because of the Independence Day holiday. Soft labour figures could revive appetite for high-multiple tech names, while a hot print might reignite selling pressure. For Palantir, the immediate support level is last week’s trough around €93. If that fails, the next leg down could test even deeper lows.
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