Palantir Price Forecast: PLTR at $135: Buy the Dip After Record 85% Growth & Raised Guidance?

Quick overview

In May 11, 2026, Palantir Technologies (PLTR) stock is trading close to $135.22, slightly up 0.14% today and recovering from a minor dip seen last week.

Key Drivers Today

• First Quarter 2026 revenue: The company posted very impressive first quarter results, hitting $1.63 billion in revenue, a 85% year over year increase in the quarter, the largest annual revenue increase since the company went public. This blew past the analysts expected top line of $1.54 billion, while the company also delivered an adjusted EPS of $0.33, topping analyst estimates of $0.28.
• U.S. revenue continues to accelerate: In the U.S. alone, the company saw nearly double year-over-year revenue growth for the quarter to $1.28 billion, which represented almost 79% of total revenue. Both U.S. government and large commercial clients alike saw increased demand for Gotham and Foundry solutions as well as AIP.
• Guidance lifted: Given the very strong results, the company increased 2026 revenue guidance to $7.65 billion implying about 71% growth year-over-year. Management attributes the improved outlook to commercial AIP adoption ramping up faster than expected as well as a growing government pipeline.
• Palantir AI platform continues to gain traction: Today’s top line beat highlights Palantir’s status as one of the primary winners in the AI sector, with growing commercial and government demand.

Palantir  Technical Analysis

Palantir (PLTR) is putting in a pretty neat tight flag on its 4H chart, after it bounced right back off the trendline support from April lows, around $122.77. And so far it’s still holding above that blue moving average dynamic support level, at $131-$133, but it’s running into a bit of trouble with the red moving average resistance around $140-$144.

When you look at the bigger picture though, the higher lows are still intact, within a much larger descending channel from that $156 high. And even though the recent consolidation was a bit tight, it’s been respecting that 0.618 – 0.786 Fib retracement area. And the RSI’s not doing too badly either, pretty much neutral, just a smidge above 50 – 55, with a positive divergence on the dip – that’s a sign of weakening bearish pressure and maybe even room to keep going.

Key Levels:

• Resistance: $139.40–$140.71 → $144.67–$150.84
• Support: $131.40 → $126.59

Trade Idea: Buy when you see it jump above $136 and see if you can get it to $140.71–$144.67 – and in the meantime, set your stop below $131.40.

Palantir’s execution and AI momentum is still moving along pretty well, but just to be realistic about it, the valuation isn’t exactly giving it a whole lot of room for error. So we all get to watch – and wait for – the Q2 numbers AND get a little more insight into their commercial AI adoption strategy.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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