Neutral
Palantir's stock drops 2% despite Wolfe Research upgrade to Peer Perform.
Palantir Technologies' stock declined by 2% to $131.94 following an upgrade from Wolfe Research, which raised its rating from Underperform to Peer Perform. Despite the upgrade, Wolfe Research highlighted Palantir as the most expensive software stock on Wall Street.
Key points
- Wolfe Research upgrades Palantir to Peer Perform, citing its leading position in applied enterprise AI software.
- Analysts express concerns over Palantir's high valuation, labeling it the most expensive software stock.
- Palantir's stock continues to face downward pressure, declining 26% in 2026 and 36% from its November 2025 peak.
Sources
AI-generated from public news sources. Not financial advice.
