Palantir Stock Drops 1.72% in Live Trading on April 11, Slips Below $88 as Valuation Concerns Resurface
Key Highlights:
Denver/New York, April 11 (IST): Palantir stock (NASDAQ: PLTR) continued its volatile streak on April 11, falling 1.72% to $87.07 as of 1:17 PM ET. The data analytics and AI-focused firm has faced headwinds today, with broader tech sector weakness and valuation concerns fueling the sell-off.
The decline comes despite a morning high of $89.55, with sellers stepping in heavily by midday.
Palantir Stock Live Snapshot for April 11
- Previous Close: $88.59
- Live Price: $87.07
- Open: $87.98
- Day’s High: $89.55
- Day’s Low: $85.47
- Market Cap: $204 Billion
- P/E Ratio: 461.69
- Dividend Yield: None
- 52-Week Range: $20.33 – $125.41
What’s Dragging Palantir Stock Lower Today?
Several factors are weighing on Palantir stock:
- An extremely high P/E ratio of 461.69, raising valuation red flags
- Sector-wide pressure on AI and tech stocks
- Rotation out of high-growth names into value-oriented sectors like banking and energy
- Growing skepticism over commercial growth momentum in 2025
Analysts Split on Palantir Stock Valuation
Analysts remain divided:
- Bulls argue Palantir’s AI infrastructure and government partnerships make it a long-term leader
- Bears note that at current prices, Palantir stock leaves no margin for error
Without strong earnings growth or updated guidance, the downside could deepen in the near term.
What Investors Should Watch on Palantir Stock
Reactions from institutional investors, especially funds with high-tech exposurenside before the bulls regroup.
Earnings date and revenue breakdown between government and commercial contracts
Growth in AI software adoption
Competitive landscape shifts involving companies like Snowflake, C3.ai, and Databricks
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