Palantir Stock at $130: Buy the Dip After Record 85% Growth & Raised Guidance?

Quick overview

Palantir Technology stock is performing very poorly and continuing its losses for the past several months. Despite the fact that its Q1 2026 ending report was released very strongly, it still has not been able to control its losses and is continuously declining.

Now, the question that comes to everyone’s mind is why this stock is falling so much. Even though its earnings report is very strong, and its long-term deals are also very strong, still why is this stock falling so much? So the answer to this question is that the price of this stock is already very high if we compare it with the company’s earnings, and because of this, investors feel that this stock has already gone too high and it will not go higher anymore, so they take their profits and invest their money into other cheaper stocks. This is called market rotation.

Palantir Technologies is a software company that makes a special type of computer program that helps very large business and organizations. Their special program collects a very large amount of data from many sources, gathers all this information together and explains it in very easy and simple words. This program does all this with the help of artificial intelligence so that people can understand the information very easily and can have a good decision.

Strong Earnings Growth and Positive Outlook for the Company

Now, if we talk about its first three months earnings report, it clearly shows that this company is growing very fast. In the first quarter, this company made 1.63 billion dollars in sales, which is 85 percent higher compared to last year. The surprising thing is that this is recorded as their fastest growth as a public company, and their business inside the US has grown by 104 percent, because their sales in private company have increased up to 133 percent, and the sales they made in government departments have increased up to 84 percent.

Not only this, but this company is also making huge profits with high margins. Looking at all these performances and achievements, Plantar company has increased its sales target for the full year 2026 and raised it to 7.65 billion dollars. This means they are now expecting 71 percent growth for the whole year. Meanwhile, their business with private companies inside the US is also expected to increase by 120 percent.

Challenges and Future Growth of the Company

On the other hand, this company is also facing some difficulties and problems, such as being dependent on government contracts. But at the same time, private companies have a different environment, and they can make decisions freely, and they grow more quickly. Along with this, there is also a lot of competition in the market, and this is also a reason that negatively affects the company’s stock.

But if all things are seen together, the future growth of this company looks very good, and day by day, they are adding new and advanced things to their tools, which can make it a good stock in the future.

PLTR at $130.10 up 0.07% – 2H Falling Wedge Breakout Still Very Much Alive

Palantir (PLTR) is trading at $130.10, a $0.09 or 0.07% jump on the 2H NASDAQ chart. The latest green candles have confirmed a clean breakout above the upper boundary of that falling wedge you see shaded in blue, and above that black trendline that’s been going down since the $149 highs. The price now respects the purple moving average as a good line of support down at $137-$139, while the red one up at $140-$145 is acting as a bit of a cap.

Looking at the chart, we’ve got a classic higher-lows compression inside that wedge that finally started to look bullish once we defended the lower trendline near $126.89. The latest price surge swept through the wedge apex with some decent volume coming in and no bearish engulfing to speak of. The bottom oscillator is climbing, and we’ve got some positive divergence on prior dips to show that momentum has started to shift and there’s still some room to go before we hit overbought. The key resistance levels you need to keep in mind are $137.27-$140.87, and the next one is $148.32; below that, we’ve got support clustered around $137.08-$134.84.

Trade Idea: If you think PLTR can keep on going, then look to go long above $131, aiming to hit $137.27-$140.87. Set your stop loss below $134.80.

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.