Palantir Technologies (PLTR): Stock Price and Forecast: Why did Palantir stock fall after earnings?

Palantir shares (Nasdaq: PLTR) have fallen sharply after earnings.
PLTR stock reported earnings on Tuesday, November 9.
Palantir matched estimates on EPS and beat on revenue.

Ivan Brian FXStreet

Palantir has put in two very strong down days after what looked like a pretty decent earnings report. Earnings came out before the open on Tuesday, but Palantir fell 9% in the regular session. Palantir stock then followed this up with a 7% fall on Wednesday. The top and bottom lines looked good with both EPS in line and revenue coming in ahead, so why the big fall?

Palantir (PLTR) stock news

Earnings came out before the open on Tuesday. Earnings per share (EPS) was in line at $0.04, while revenue posted a tiny beat of $392 million versus $385 million estimate. The stock immediately began to tank though. Palantir is a high growth stock, and it was this which Goldman Sachs alluded to earlier this year when it gave the stock a strong rating. Palantir has a strong list of government agencies on its client list, and the company was upbeat in full-year forecasts on Tuesday. The problem is that this growth rate has slowed, and that prompted a downgrade from RBC on Thursday. RBC says a slowdown in the growth of the government-focused business has reduced RBC's confidence that Palantir can achieve its forecast for 30% growth until 2025.

However, Cathie Wood of ARK Invest tends to disagree, obviously, as her funds have been snapping up Palantir (PLTR) stock after the sharp fall. Recent postings show ARK buying about $36 million worth of Palantir on Tuesday and another $28 million on Wednesday. ARK Invest has been a consistent purchaser of Palantir shares.

Palantir (PLTR) stock forecast

As we can see from the Palantir 1-day graph below, the move on Wednesday is the one that has really done the damage by breaking the lower trendline that has been in place since May. Palantir stock has also broken below October's low and put in a lower low – aka this is bearish. Now it is time to wait for a test of last May's earnings low at $17, this is the medium-term target for Palantir now. The stochastic gave a crossover sell signal as has the Moving Average Convergence Divergence (MACD).

PLTR 1-day chart

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.