Palantir Shares Drop 2.29% with $10.37B Volume Rank Sixth as AI Adoption and $10B Army Contract Drive Growth Optimism

On August 11, 2025, Palantir (PLTR) fell 2.29% with a trading volume of $10.37 billion, ranking sixth in the day’s market. Recent developments include a $1 billion quarterly revenue milestone, driven by AI Platform adoption and government contracts such as the U.S. Navy’s BlueForge Alliance and a partnership with Accenture. The company also secured a $10 billion U.S. Army contract, consolidating 75 agreements into a single framework. Analysts at Piper Sandler and Loop Capital reiterated “Buy” ratings, while UBS maintained a “Neutral” stance due to valuation concerns. Meanwhile, insider sales and profit-taking by funds like Cathie Wood’s Ark Invest added short-term uncertainty.

Positive momentum was fueled by Wall Street upgrades, with price targets raised to $170–$200 by multiple brokerages following a “beat and raise” Q2 report. Earnings estimates for 2025 and 2026 were revised upward, reflecting 58.5% and 30.5% year-over-year growth projections. However, Palantir’s valuation remains contentious, with a forward P/E of 218 and a Zacks Rank of #3 (Hold). Despite strong revenue growth and a $6 billion cash reserve, critics highlight risks tied to its high multiple and execution volatility.

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