Palantir Technologies Inc (NASDAQ:PLTR) shares are trading lower Friday morning, near $175, and down about 10% over the past five sessions. Here’s what investors need to know.
The stock is up roughly 134% over the past year and has a market value around $425 billion, with a 52-week range of about $63.40 to $207.52.
The weakness follows a strong 2025 run. After joining the S&P 500 in 2024, Palantir's shares climbed about 140% in 2025.
Growth and profitability have been central to the bull case. Palantir reported third-quarter revenue of $1.18 billion (up 63% year over year) and its 12th consecutive quarter of GAAP profitability. Management also lifted full-year revenue guidance to roughly $4.4 billion and forecast free cash flow up to $2.1 billion.
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Momentum is being driven by the company's Artificial Intelligence Platform and faster customer onboarding. U.S. commercial revenue grew 121% year over year in the third-quarter. Palantir has also landed major defense wins, including a $10 billion, 10-year Army Enterprise Agreement and a $448 million Navy deal.
Retail flows remain a key part of the story, investors were on pace to pour nearly $8 billion into PLTR in 2025, Vanda data shows, while valuation remains a frequent Wall Street concern.
Benzinga Edge Rankings: Palantir earns a Momentum score of 94.79 and a Growth score of 92.15, highlighting strong medium- and long-term trends despite a weak short-term price signal.
PLTR Price Action: Palantir Technologies shares were down 3.8% at $170.99 at the time of publication on Friday, according to Benzinga Pro data.
Resistance is likely to be encountered at the $180 to $182 range, where previous selling pressure has been observed. A sustained move above this area could indicate a shift in momentum, potentially opening the door for a retest of the upper end of the 52-week range.
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