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Palantir Earnings Arrive Just as Stock Could Use Some Good News
(Bloomberg) — For the first time in two years, Palantir Technologies Inc. shares are not rallying into a quarterly earnings report — a signal that investors are finding fewer reasons to snap up what has become one of the most expensive stocks in the S&P 500 Index.
Shares of the software company have tumbled roughly 29% from their November peak, reached right before Palantir last reported results, and are down more than 15% to start 2026, putting them among the 15 worst performers in the S&P 500 this year. While the selloff has cut into Palantir’s valuation, shares still trade for about 142 times expected earnings, the third-highest multiple in the S&P 500.
An options trade to benefit from a potential turnaround in beaten-down Palantir after earnings
Palantir Technologies, the richly valued AI darling, hasn’t been immune from the persistent waves of selling that have drowned software stocks.
Last week, the stock broke below its 200-day moving average for the first time since August 5, 2024, and ended January with its lowest close since July. Needless to say, the defense data and AI software company has rarely traded worse heading into an earnings report, with its Q4 results due out after the close on Monday.
“It appears that expectations coming into this earnings print are lower than they have been in the last year or so,” Dean Curnutt, CEO of Macro Risk Advisors, wrote. “And this potentially sets the shares up for post-earnings volatility and directional follow-through to the upside.”
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