Palantir Shares Drop 6% to $106.50, 40% YTD Decline Hits New Lows
PLTR•Palantir shares fell 6% to around $106.50, marking a 40% YTD drop as stock nears its lowest levels since December 2025. Surf Air Mobility committed as the inaugural customer for Palantir’s Enterprise BrokerOS, boosting annual software contract potential.
1. Stock Performance Tumbles
Palantir shares plunged 6% to near $106.50, extending a year-to-date decline of 40% from their December 2025 peak. The slide brings the stock to its lowest level in over six months, testing investor confidence and key support around the $100 mark.
2. Enterprise BrokerOS Gains Launch Customer
Surf Air Mobility signed on as the inaugural customer for Palantir’s Enterprise BrokerOS platform, granting access to advanced data orchestration and analytics tools tailored for aviation operators. The deal could drive several million dollars in annual recurring software revenue if fully deployed.
3. Analyst Forecasts Highlight Volatility
Despite recent weakness, analysts still project near-term upside with a target around $113, though sentiment remains cautious given the steep slide. Long-term growth narratives cite expanding AI applications and a robust government contract pipeline as potential catalysts.
