Palantir Stock Drops Despite Securing Pentagon and UK Contract Wins

Palantir Technologies shares fell 5% despite securing two significant contract wins, including a Pentagon designation as an official "program of record" and a UK Financial Conduct Authority pilot to assist with fraud and money laundering probes. Year-to-date, PLTR has declined nearly 10% despite surging 135% in 2025 and 340% in 2024. Wedbush maintains an Outperform rating with a $230 target.