New York, Feb 11, 2026, 07:47 (EST) — Premarket
- PLTR down 1.6% premarket after a 2.4% drop in Tuesday’s regular session
- Palantir extends Airbus collaboration under a multi-year agreement tied to Skywise
- Daiwa lifts Palantir to Buy but trims its price target amid software-sector swings
Palantir Technologies Inc (PLTR) shares fell 1.6% to $137.22 in premarket trading on Wednesday, set for a soft open after a 2.4% drop in Tuesday’s regular session. (MarketScreener)
The early move matters because Palantir has become a high-beta proxy for investor appetite in AI-linked software, where contract news and analyst calls can swing prices fast. Traders are trying to work out whether the company’s Artificial Intelligence Platform, or AIP — software that helps customers deploy AI models on their own data — is turning into longer, stickier deals.
Palantir on Tuesday said it extended its collaboration with Airbus under a multi-year agreement. Airbus will keep using Palantir for Skywise, its civil aviation open data platform, which the companies said now supports more than 50,000 users; Palantir has worked with Airbus on the project since 2015. Palantir executive vice president Josh Harris called the renewal “a testament to the bold vision we share with Airbus,” and pointed to secure AI capabilities using multiple large language models, or LLMs, alongside migration to “sovereign” cloud setups — where data storage and access stay under local rules. (Business Wire)
Daiwa Capital Markets upgraded Palantir to Buy from Hold and cut its price target to $180 from $200, citing volatility across software shares, TipRanks reported. Analyst Shigemichi Yoshizu said the fourth-quarter report “left a positive impression” and flagged “extraordinary demand” for AIP from public- and private-sector customers. Palantir shares are up 23% over the past year but down 19% so far in 2026, according to TipRanks. (TipRanks)
Palantir’s last quarterly update showed how much the bar has risen. The company reported fourth-quarter revenue up 70% to $1.407 billion and said U.S. commercial revenue jumped 137% to $507 million. It forecast full-year 2026 revenue of $7.182 billion to $7.198 billion and said it expects U.S. commercial revenue above $3.144 billion. (Stock Titan)
Competition is not standing still. Morningstar analyst Mark Giarelli said rivals such as AWS, Snowflake and ServiceNow have built data-analytics tools, while Palantir differentiates itself through an “ontology framework” — a method of organizing and linking data so software can map relationships and drive decisions. Giarelli warned the stock’s “premium valuation multiple” leaves room for “rapid compression” if growth slows, and said Palantir trades at roughly 90 times trailing 12-month revenue. (Morningstar)
But renewals and pilots do not always translate into near-term revenue, and the stock has little margin for error at this valuation. Any slowdown in commercial adoption, or a shift in government spending priorities, could hit expectations quickly.
For Wednesday’s session, investors will watch whether the Airbus renewal and the Daiwa upgrade bring buyers back after two straight declines. Early volume will matter; the name has shown a habit of turning on headlines.
The next fixed point is Friday’s U.S. consumer price index report for January, due at 8:30 a.m. ET, a release that often shifts rate bets and the tone for high-multiple tech stocks. (Stlouisfed)
