Palantir suffers a sharp loss of momentum

After finishing 2024 atop the S&P 500 with a roughly 340% gain, shares of Palantir Technologies stumbled badly in the opening weeks of 2025. Over the last five sessions, the stock has dropped roughly 15%, its worst five-day run since last May when an earnings miss prompted a mini crisis of confidence for devotees of the shares.

The stock is down again today on no actual news of consequence, besides persistently high bond yields crimping highly valued — some might say insanely overvalued — shares.

But if one were to dabble in the dark arts of technical analysis, you can see how pronounced the breakdown of momentum has been, with Palantir punching through its 50-day moving average on Monday, ending a fairly steady upsurge in the shares that’s persisted since August. The next obvious opportunity for the company to regain some mojo will be February 12, when its quarterly earnings report is expected.

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SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

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