Despite announcing a massive 70% revenue surge and securing a landmark $10 billion Army contract consolidation, Palantir shares experienced a brutal 'sell the news' reaction, causing the stock to plunge following its February 2026 earnings report.
- The significant slide was driven by market obsession with extreme valuation multiples, suggesting the negative reaction was technical rather than fundamental.
- Analysis from Ledger Prime Markets suggests that while fundamentals are strong, the stock faces a bear case target range of $110 to $130 due to multiple compression and broader Nasdaq volatility.