In May 11, 2026, Palantir Technologies (PLTR) stock is trading close to $135.22, slightly up 0.14% today and recovering from a minor...
☆QUICK OVERVIEW;
•Palantir Technologies (PLTR) stock is trading at $135.22, recovering from a recent dip, with a slight increase of 0.14%.
•The company reported impressive first quarter 2026 revenue of $1.63 billion, an 85% year-over-year increase, surpassing analyst expectations
•U.S. revenue growth accelerated, reaching $1.28 billion, driven by increased demand for Gotham and Foundry solutions.
•Palantir raised its 2026 revenue guidance to $7.65 billion, reflecting strong commercial AIP adoption and a growing government pipeline
☆KEY DRIVERS TODAY;
▪︎First Quarter 2026 revenue: The company posted very impressive first quarter results, hitting $1.63 billion in revenue, a 85% year over year increase in the quarter, the largest annual revenue increase since the company went public. This blew past the analysts expected top line of $1.54 billion, while the company also delivered an adjusted EPS of $0.33, topping analyst estimates of $0.28.
▪︎U.S. revenue continues to accelerate: In the U.S. alone, the company saw nearly double year-over-year revenue growth for the quarter to $1.28 billion, which represented almost 79% of total revenue. Both U.S. government and large commercial clients alike saw increased demand for Gotham and Foundry solutions as well as AIP.
▪︎Guidance lifted: Given the very strong results, the company increased 2026 revenue guidance to $7.65 billion implying about 71% growth year-over-year. Management attributes the improved outlook to commercial AIP adoption ramping up faster than expected as well as a growing government pipeline.
▪︎Palantir AI platform continues to gain traction: Today’s top line beat highlights Palantir’s status as one of the primary winners in the AI sector, with growing commercial and government demand.
☆PALANTIR TECHNICAL ANALYSIS
Palantir (PLTR) is putting in a pretty neat tight flag on its 4H chart, after it bounced right back off the trendline support from April lows, around $122.77. And so far it’s still holding above that blue moving average dynamic support level, at $131-$133, but it’s running into a bit of trouble with the red moving average resistance around $140-$144.
When you look at the bigger picture though, the higher lows are still intact, within a much larger descending channel from that $156 high. And even though the recent consolidation was a bit tight, it’s been respecting that 0.618 – 0.786 Fib retracement area. And the RSI’s not doing too badly either, pretty much neutral, just a smidge above 50 – 55, with a positive divergence on the dip – that’s a sign of weakening bearish pressure and maybe even room to keep going.
☆KEY LEVELS
Resistance: $139.40–$140.71 → $144.67–$150.84
Support: $131.40 → $126.59
Trade Idea: Buy when you see it jump above $136 and see if you can get it to $140.71–$144.67 – and in the meantime, set your stop below $131.40.
Palantir’s execution and AI momentum is still moving along pretty well, but just to be realistic about it, the valuation isn’t exactly giving it a whole lot of room for error. So we all get to watch – and wait for – the Q2 numbers AND get a little more insight into their commercial AI adoption strategy
#PalantirTechnologies #Palantir #palantir