Wall Street analyst warns it’s time to sell Palantir stock after earnings
Palantir Technologies reported strong Q1 2026 earnings, with revenue up 85% year-over-year to $1.633 billion, but Jefferies analysts maintained a 'Sell' rating due to valuation concerns. Despite solid earnings, Palantir's stock price dropped 2.8% in pre-market trading on Tuesday.
Palantir Technologies reported first-quarter 2026 revenue of $1.633 billion, up 85% year-over-year, exceeding analyst expectations. U.S. revenue surged 104% to $1.282 billion, and the commercial segment jumped 133%. Adjusted earnings per share were $0.33, and GAAP earnings per share stood at $0.34. The company raised its full-year 2026 revenue guidance to between $7.65 billion and $7.66 billion, representing about 71% annual growth. Despite the strong performance, Jefferies analysts maintained a 'Sell' rating, citing valuation concerns. Other analysts, such as Wedbush Securities and BofA Securities, remained bullish, reiterating 'Outperform' and 'Buy' ratings, respectively. Palantir's stock price was down 2.8% in pre-market trading on Tuesday to $141, following a 1% gain in the previous session to $146.
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