Overview
- Palantir shares, which climbed about 2% to 3% in pre-market trading Monday to roughly $131, recovered after Trump’s Friday Truth Social endorsement and fresh fund buying headlines.
- An ARK Invest trading disclosure for Friday, April 11 showed its ETFs bought 85,485 Palantir shares across five funds and sold 44,446 AMD shares, signaling a tilt toward AI software platforms.
- Michael Burry said in an April 10 Substack that he is holding long-dated put options and called the stock overvalued, following a five-day slide of 14% to 16% and a year-to-date drop reported near 24% to 28%.
- Wedbush analyst Dan Ives reaffirmed an Outperform rating with a $230 target and cited 137% growth in U.S. commercial revenue, arguing Anthropic’s rapid scale-up is not displacing Palantir.
- Strong fundamentals and defense ties, including Q4 2025 revenue of about $1.41 billion up 70% and the Pentagon moving Palantir’s Maven toward program-of-record status in March 2026, now meet a valuation near 100 times expected earnings.