Palantir Technologies shares declined 1.6% on Tuesday amid mixed developments. The company announced a relocation of its headquarters to Miami from Denver on February 17, which initially boosted the stock 4.91% to $135.24 by February 20. However, recent scrutiny emerged regarding CEO Alex Karp's private jet expenses, which surged to $17.2 million in 2025, a 123% increase from $7.7 million in 2024. Investor Michael Burry flagged these governance concerns. Despite this, the company received analyst upgrades, with Mizuho upgrading PLTR to Outperform on February 18, citing a de-risked valuation and describing the company as a "category of one." The company reported Q4 results showing 70% year-over-year revenue growth and guidance for at least 73.78% growth in Q1 2026, with 680 deals signed over $1 million in 2025.
Read full analysisPalantir Technologies shares declined 1.6% on Tuesday amid mixed developments. The company announced a relocation of its headquarters to Miami from Denver on February 17, which initially boosted the stock 4.91% to $135.24 by February 20. However, recent scrutiny emerged regarding CEO Alex Karp's private jet expenses, which surged to $17.2 million in 2025, a 123% increase from $7.7 million in 2024. Investor Michael Burry flagged these governance concerns. Despite this, the company received analyst upgrades, with Mizuho upgrading PLTR to Outperform on February 18, citing a de-risked valuation and describing the company as a "category of one." The company reported Q4 results showing 70% year-over-year revenue growth and guidance for at least 73.78% growth in Q1 2026, with 680 deals signed over $1 million in 2025.
Palantir Technologies builds data integration and AI analytics platforms used by U.S. government agencies and large enterprises, with Q4 revenue surging 70% year-over-year and a reported billion-dollar DHS contract reinforcing its federal pipeline. Its premium valuation — still around 150-200x earnings — has made it a lightning rod for debate, with Michael Burry arguing the stock could fall to $46 while Mizuho maintains a $195 target. The accumulation of bearish narratives, including Bank of America removing the stock from its top picks list and scrutiny of CEO Karp's $17.2 million jet expenses, is testing whether recent contract wins can sustain investor confidence at current multiples.