Palantir stock tests critical technical support following a significant price drop. A technical analysis dated February 7, 2026, shows the stock corrected approximately 38% from its recent all-time high of $207.5. It currently tests the 0.382 Fibonacci retracement support at $130.5.
Analysts suggest a bullish rebound is possible from this level. Potential upside targets stand at $158.6 and $175.
The broader trend remains technically bearish unless the stock decisively breaks above key resistance levels. Downside momentum shows signs of exhaustion, but the overall structure remains corrective following high volatility experienced after the company's strong earnings report earlier in the week.