Palantir Stock Trims Losses After President Trump Praises Palantir’s War Fighting Capabilities

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Apr 13, 2026

Key Stats for Palantir Stock

  • Price change for Palantir stock: 2%
  • $PLTR Share Price as of Mar. 10: $128
  • 52-Week High: $208
  • $PLTR Stock Price Target: $185

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What Happened?

Palantir (PLTR) stock trimmed some losses on Friday after President Donald Trump posted on Truth Social praising the company’s military capabilities.

“Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment,” Trump wrote. “Just ask our enemies!!!”

The post came during a brutal week for Palantir stock, which had already fallen about 14% — its worst weekly performance in roughly a year. The stock was trading around $126 after the slump.

The broader context matters here. Software stocks have been under pressure amid fears that new AI tools could displace traditional enterprise software.

  • Anthropic’s recently released Mythos model added to those concerns.
  • Short seller Michael Burry has been publicly targeting Palantir, writing this week that Anthropic is “eating Palantir’s lunch.”
  • Burry followed up on Trump’s post, acknowledging that the stock might bounce but saying he still holds put options and believes fair value is well under $50 per share.
PLTR Stock Revenue, EBIT, and Free Cash Flow Estimates in Billion USD (TIKR)

The U.S. military is reportedly using Palantir’s Maven Smart System to identify targets in the Middle East, connected to strikes on Iran that began in late February.

Government revenue, including the Pentagon and ICE, accounts for more than half of Palantir’s U.S. business.

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What the Market Is Telling Us About Palantir Stock

Palantir stock’s recent weakness stands in sharp contrast to the company’s actual results.

In Q4 2025,

  • Palantir reported 70% year-over-year revenue growth — its highest growth rate ever as a public company.
  • U.S. revenue surged 93% year-over-year.
  • The company guided for 61% growth in 2026 and posted a Rule of 40 score of 127%, a metric that combines growth and profitability in a way few companies come close to matching.

The tension in the stock right now is real.

The fundamentals are exceptional. But Palantir stock is caught in a broader software selloff, complicated by its ties to Anthropic — an AI lab recently blacklisted by the Department of Defense.

CEO Alex Karp said last month the company would phase out Anthropic’s models, though it hasn’t happened yet.

PLTR Stock Valuation Model (TIKR)

Trump’s post also raised eyebrows. Watchdog group CREW noted that Palantir had sponsored multiple Trump administration events and donated to the White House ballroom project, suggesting the president’s shoutout — complete with the stock ticker — may have had more than just praise behind it.

Whether the bounce holds depends on whether investors refocus on the fundamentals — or keep selling the narrative.

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How Much Upside Does Palantir Stock Have From Here?

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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