Palantir’s Revenue Surge and Army Win Cannot Shake the Skeptics
Published on 06/29/2026 at 12:24 | Redaktion boerse-global.de
Palantir Technologies is firing on all cylinders operationally, but the market remains resolutely unimpressed. The data analytics group posted first-quarter revenue of $1.63 billion — an 85% jump from a year earlier — and closed more than 200 large deals worth a combined $2.41 billion. Management responded by raising its full-year revenue forecast to around $7.65 billion. Yet the stock has lost roughly 45% from its November 2025 all-time high of $207.52 and trades more than 30% lower year to date. After briefly touching a 52-week low of $106.37, it clawed back to $112.93 on June 26, but the recovery looks fragile.
The disconnect between growth and price is owed in large part to a steady exodus of sophisticated investors. Ken Griffin’s Citadel slashed its Palantir position by 40% in the first quarter, selling about 1.33 million shares. Insider sales have also accelerated: over the past six months executives — including co-founders Peter Thiel and Alex Karp — have executed 118 open-market stock sales. Michael Burry, meanwhile, is betting on further downside, holding put options with strike prices of $100 for December 2026 and $50 for June 2027, drawing a comparison between the current AI boom and the dot-com bubble.
Two recent catalysts have done little to alter the bearish mood. On June 23, Palantir announced a seven-year partnership with marketing specialist Zeta Global. Zeta’s CEO, David Steinberg, expects the deal to generate more than $100 million in annual revenue for his company. The core of the collaboration is integrating Zeta’s data cloud with Palantir’s AI platform to create a machine-learning-driven marketing infrastructure. Separately, Palantir was named a contractor for the US Army’s NGC2 program. But the frequently cited $20 billion, ten-year contract ceiling belongs to Anduril Industries; Palantir’s share has not been officially disclosed, leaving a cloud of uncertainty around the true revenue potential.
Should investors sell immediately? Or is it worth buying Palantir?
Technically, the stock remains under pressure. The first resistance zone sits between $114 and $115, with further hurdles at $120–122. The relative strength index (RSI) stands at 33.76, approaching oversold territory, while the MACD continues to flash a sell signal. Support lies at $108.57 before the 52-week low. Despite the gloom, UBS analyst Karl Keirstead maintains a Buy rating with a $200 price target, arguing that Palantir trades at 46 times the free cash flow expected for 2027 — reasonable given three-year compounded annual growth of 55%. The average analyst target across the Street is $185.35, implying substantial upside if the narrative shifts.
A fresh regulatory threat could complicate matters further. Senator Adam Schiff introduced the “Human Authority in Lethal Operations Act” in June 2026, requiring human oversight of all military AI decisions. If passed, the bill would rewrite the rules for defense software contractors like Palantir, which derives a significant chunk of business from government clients. The company’s vaunted “Ontology” — a proprietary data layer that sits atop large language models — gives clients what management claims is a five-year technological lead, but lawmakers may now force changes to how such systems are deployed.
For now, Palantir’s share price is caught between explosive growth and pervasive skepticism. The next quarterly report will be a pivotal test: it must prove that the US commercial segment can sustain its momentum and that the NGC2 contract carries meaningful revenue. Until then, a volatility reading near 59% suggests the ride is far from over.
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Palantir Stock: New Analysis - 29 June
Fresh Palantir information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
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