Palantir Technologies (NASDAQ:PLTR) shares recovered from session lows on Friday after a social media mention from former President Trump, though the stock nevertheless finished the day down roughly 2% after earlier declines of as much as 6%.
In his post, Trump wrote, "Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!!" The comment arrived as the stock was under selling pressure related to investor concerns over competitive developments tied to Anthropic.
Prior to the social media mention, Palantir had fallen more than 15% over the previous five trading days. That recent weakness followed Anthropic's introduction of a new product focused on multi-agent orchestration, a development that prompted questions about potential headwinds for the broader software sector.
Addressing those competitive concerns, Wedbush analyst Dan Ives reiterated an Outperform rating on Palantir and maintained a $230.00 price target. In his commentary, Ives said: "Palantir has been under pressure over the past few days, including down 7% today, after Anthropic released a new product around multi-agent orchestration, which continues to add more headwinds to the software sector. While Anthropic is hitting a new scale with the company now at $30 billion ARR, up from $9 billion at the start of the year, we believe this is not at the expense of PLTR’s business as the company continues to accelerate both its US commercial and government businesses with US Commercial growing 137% YoY and US government accelerating 66% YoY."
Ives highlighted Palantir's reported year-over-year growth rates in its two core segments, noting US commercial growth of 137% and US government revenue accelerating 66%, and framed those figures as evidence the company's growth trajectory remained intact amid the competitive news.
Separate analytical tools referenced in the prior coverage evaluate PLTR against many other companies using a wide set of financial metrics, aiming to identify stocks with favorable risk-reward profiles. Those services have cited past examples of strong returns for individual stock ideas, though specific strategy inclusion for PLTR was presented as a distinct evaluation.
Market context:
- Palantir trimmed losses after a high-profile social media endorsement, but the net move left the stock lower for the session.
- Investor concern centered on Anthropic's new multi-agent orchestration product and its potential implications for software players.
- Analyst support from Wedbush emphasized Palantir's recent US commercial and government revenue growth rates.