PLTR is trading at $138.16 (-3.33%) amid a lack of company-specific news and a slight decline in the Nasdaq, extending a volatile pattern following a 5.16% gain on February 9.
- While recent Q4 earnings beats and strong 61% revenue guidance for 2026 drove prior gains, the stock faces pressure from a high valuation currently sitting at 226x P/E.
- Today's move aligns with mixed market sentiment as soft retail sales data increases bets for potential rate cuts, offsetting the momentum from Palantir's previous session.