Palantir (PLTR) Stock Plunges 20% YTD — Analysts See Major Rebound Potential
Palantir Technologies Inc. (PLTR) stock has fallen 20% in 2026, despite analysts seeing major rebound potential, with Rosenblatt maintaining a Buy recommendation and a $200 target price. The company's first quarter results are scheduled for May 4, with analysts projecting $1.54 billion revenue and $0.28 EPS.
Palantir Technologies Inc. (PLTR) stock has declined approximately 20% year-to-date in 2026 and is 31% below its November 2025 peak of $207.18. Despite this, analysts remain optimistic, with Rosenblatt maintaining a Buy recommendation and a $200 target price. The company's first quarter results are scheduled for May 4, with projected revenue of $1.54 billion and earnings per share of $0.28. The Pentagon's budget proposal includes a $2.3 billion allocation for Palantir's Maven Smart System platform, providing long-term revenue clarity. Palantir recently disclosed a $300 million contract with the U.S. Department of Agriculture. Analyst consensus stands at Moderate Buy, with a mean target price of $194.06.
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