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Palantir Stock is trading near $130 after a period of high volatility following strong earnings growth.
Revenue reached $1.41 billion, with 70% year-over-year growth driven by demand for AI software.
Nasdaq tech weakness and valuation concerns are creating short-term pressure despite strong fundamentals.
Palantir Technologies Inc. is seeing strong movement in early February 2026. The stock is currently trading near $130 per share, with the most recent close at $129.98. Intraday data shows the stock opened at $129.56, reached a high of $130.35, and touched a low near $128.65 before settling. Trading volume recently crossed 597,000 shares in short-term sessions, showing active trader participation.
Just one day earlier, on February 5, 2026, the price ranged from $125.00 to $140.90. That wide movement reflects strong volatility. Even though the stock pulled back from recent highs above $155 earlier in the week, it remains well above its 52-week low. It’s a clear sign of the longer-term trend still being strong compared to last year.
Over the past week, Palantir stock showed a sharp correction. After reaching highs near the $157–$160 levels earlier in the week, heavy selling pressure pushed the stock down toward the $130 area. Large red candlesticks on the short-term chart show strong selling activity, mainly after the market absorbed earnings news.
There were small recovery attempts between $135 and $140, but the stock failed to hold above that range. The $140–$145 zone is now acting as resistance. Buyers are stepping in near $125–$130, which appears to be a short-term support level. However, the momentum currently appears weaker than last week.
Palantir recently reported record quarterly revenue of approximately $1.41 billion, reflecting around 70% year-over-year growth. This result exceeded analysts' expectations and indicates strong demand for its artificial intelligence and data analytics platforms.
The company continues to benefit from increasing government contracts and commercial adoption of its artificial intelligence software. US defense spending and enterprise AI transformation projects are supporting growth.
Despite strong numbers, the stock reaction was mixed. Initially, shares jumped between 6% and 10% after the earnings announcement. But later, profit-taking reduced those gains. It seems that some investors felt the stock had already priced in much of the good news.
Also Read: Top AI Stocks for 2025: Palantir, Nvidia, Duolingo & More
Following the earnings report, several analysts adjusted their Palantir price targets. Some remained bullish, citing AI leadership and strong backlog growth. Others lowered targets, pointing to valuation concerns and broader tech weakness.
The broader Nasdaq market has also been under pressure. Many investors are worried that AI spending across the sector may take longer to translate fully into higher profits. Growth stocks have faced selling pressure due to this. Sector rotation from high-growth technology into more defensive sectors is also impacting sentiment.
Market analysts who have observed current market pressure still regard recent dips as suitable times for purchasing. Palantir stock will reach its former price peaks later this year if its current growth rate continues to improve profitability.
The stock is near $130, indicating growth potential if bullish indicators improve. Buyers who create activity in this price range might trigger another surge, sending PLTR close to the $140 resistance level.
The price will reach $160 again after the firm’s shares break through this range. Palantir stock will continue to decline if the $125 support level breaks. The market might experience elevated volatility during the upcoming trading sessions.
Also Read: What Makes Palantir the No. 1 Vendor in AI and Machine Learning?
Investor sentiment around Palantir stock growth shows mixed but continuous activity. Long-term investors focus on the expansion and contraction of artificial intelligence, whereas short-term traders monitor price movements and economic news.
Palantir is financially stable, with revenue rising and demand for its AI products increasing. The company's valuation exceeds that of most standard software companies, which supports its growth potential.
Palantir is currently in a cooling phase after a strong rally. The next few weeks will be important in deciding whether the stock resumes its upward trend or continues short-term consolidation.
1. Why did Palantir stock fall after strong earnings?
Profit-taking, concerns about high valuations, and broader Nasdaq tech selling pushed the Stock lower even after strong revenue growth.
2. What was Palantir’s latest revenue figure?
Palantir reported about $1.41 billion in quarterly revenue, representing about 70% year-over-year growth.
3. What is driving Palantir’s growth?
Demand for AI Software solutions, government defense contracts, and expanding commercial clients are key growth drivers.
4. Is Palantir Stock considered volatile?
Yes, the Stock has shown wide price swings recently, moving between $125 and $140 in a single trading session.
5. What could move Palantir Stock next?
Future earnings reports, AI adoption trends, analyst upgrades or downgrades, and overall Nasdaq market conditions may influence price direction.
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