Palantir Technologies shares have shed over 40% of their value since hitting an all-time high of $207.52 on November 3, 2025, now trading in the $122 to $126 range. Despite strong operational performance with revenue growth exceeding 70% year-over-year and US commercial revenue surging over 100% during certain periods, the stock has been hit by a severe valuation multiple compression, as it was trading at over 250 times forward earnings at its peak. The company raised its fiscal year 2026 guidance to approximately $7.2 billion. The stock touched a 52-week low of $106.37 in June 2026, nearly 49% below its peak.
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