Palantir’s stock (PLTR) is punching back. After tanking last week on fears over Trump’s trade blitz, shares of the data analytics firm jumped 5.2% to $77.84 by Monday’s close. It’s a sharp reversal after a bruising few days that saw the stock lose over 20%. But with tariffs flying and military budgets under scrutiny, the road ahead still looks messy.
Trade War Backlash Hits Palantir Despite Supply Chain Shield
Palantir’s recent drops weren’t random. On April 4, shares sank over 10% after the U.S. slapped a 34% tariff on Chinese imports. That same day, China hit back with matching tariffs on U.S. goods, and markets panicked. Naturally, investors feared the tech sector would take a direct hit—especially defense-focused players like Palantir.
Even though Palantir isn’t heavy on global supply chains, the narrative snowballed. Its close ties to government contracts and defense funding meant any macro shock—especially one involving global policy—was seen as a risk.
PLTR’s Army Contract News Calms Some Nerves
Then came a bit of good news. According to Business Insider, the U.S. Army scrapped plans for a new internal data platform and chose to stick with Palantir’s existing Vantage system instead. That move alone could bring in $115 million in recurring revenue. It helped stop the bleeding.
Still, not everyone’s convinced. Goldman Sachs analyst Gabriela Borges told TheStreet she’s staying neutral on the stock, citing its steep valuation and “outsized” retail ownership. In other words: things could still snap the other way.
Palantir Leans Into Trade Chaos with AI Pitch
While the macro backdrop stays chaotic, Palantir isn’t sitting still. The company’s now promoting its Artificial Intelligence Platform (AIP) to help clients simulate tariff shocks, plan supply chains, and tweak prices. According to the company’s blog, it’s all about helping customers make sense of messier global markets.
Overall, Palantir advocates are hoping to see more wins like the Army deal—and less tariff drama.
Is Palantir a Good Stock to Buy?
Analysts remain divided about PLTR stock, with a Hold consensus rating based on four Buys, 11 Holds, and four Sells. Over the past year, PLTR has increased by more than 235%, and the average PLTR price target of $92.00 implies an upside potential of 18.2% from current levels.
