Palantir Shares Slide 7% in Fourth Straight Drop; Analysts See 53% Upside
PLTR•Palantir Technologies shares fell 7% on Monday, marking a fourth consecutive decline that pushed prices below the $127 support level to $119.50. Despite a 33% year-to-date drop, 19 of 32 analysts maintain Buy ratings with an average $182.75 target implying 53% upside.
1. Fourth Straight Decline
Palantir shares slid 7% to $119.50 on Monday, marking a fourth straight daily loss. The drop breached the $127 support level established since February and deepened a 33% year-to-date decline.
2. Analyst Bullish Outlook
Despite recent weakness, 19 of 32 analysts rate the stock as a Buy, with their average price target of $182.75 suggesting a 53% potential gain. Retail sentiment remains cautious, with some investors awaiting sub-$100 entry points.
3. Sector Contrast
Software peers like Salesforce have also underperformed, down 43% YTD, while semiconductor names have surged—Micron up 324% and SanDisk up 858% in 2026—highlighting a rotation of investor capital into chip stocks.
