Palantir Technologies

Palantir Technologies (NASDAQ: PLTR) has spent 2026 proving that even the market's favorite AI story can stumble. Shares that once flirted with $207 now hover closer to $115, a brutal correction that has tested even the company's most loyal shareholders. Yet Wall Street's biggest names — from Wedbush's Dan Ives to Rosenblatt's John McPeake — remain stubbornly bullish, with price targets clustered well above current levels.

As overall market witnessed selling pressure on Friday, Palantir, NVIDIA, Meta, Apple and many other technologies stocks faced massive decline. Palantir Technologies faced 4.35 percent decline on Friday. Palantir Technologies (NASDAQ: PLTR) is no longer just a defense contractor with a data analytics side hustle — it has become one of the most electrifying AI infrastructure plays on Wall Street. In Q1 2026, the company posted 85% year-over-year revenue growth, reaching $1.633 billion, while U.S. commercial revenue surged 133% year-over-year.