New York, Feb 11, 2026, 07:47 (EST) — Premarket
- PLTR slipped 1.6% in premarket trading following a 2.4% decline during Tuesday’s session
- Palantir has renewed its partnership with Airbus, signing a multi-year deal focused on the Skywise platform
- Daiwa upgrades Palantir to Buy but lowers its price target, citing volatility in the software sector
Palantir Technologies Inc (PLTR) slipped 1.6% to $137.22 in premarket trading Wednesday, heading for a weak start after dropping 2.4% during Tuesday’s session. 1
This early shift is key since Palantir has morphed into a high-beta stand-in for investor interest in AI-driven software, with contract updates and analyst commentary quickly jolting its stock. Traders are assessing if the company’s Artificial Intelligence Platform, or AIP — a tool that lets clients run AI models on their own data — is evolving into more extended, stickier contracts.
On Tuesday, Palantir announced it has renewed its multi-year partnership with Airbus. The deal keeps Palantir powering Skywise, Airbus’s open data platform for civil aviation, which now counts over 50,000 users. The two have been working together on Skywise since 2015. Palantir’s executive vice president Josh Harris described the extension as “a testament to the bold vision we share with Airbus.” He also highlighted new secure AI features using multiple large language models (LLMs) and a shift toward “sovereign” cloud environments, ensuring data remains compliant with local regulations. 2
Daiwa Capital Markets bumped Palantir from Hold to Buy but trimmed the price target to $180 from $200, pointing to turbulence in software stocks, TipRanks reported. Analyst Shigemichi Yoshizu described the Q4 report as “leaving a positive impression” and noted “extraordinary demand” for AIP from both public- and private-sector clients. Palantir’s shares have risen 23% over the last year but have fallen 19% so far in 2026, according to TipRanks. 3
Palantir’s latest quarterly results highlight just how high the stakes have climbed. Fourth-quarter revenue surged 70% to $1.407 billion, with U.S. commercial revenue soaring 137% to $507 million. The company projects full-year 2026 revenue between $7.182 billion and $7.198 billion, anticipating U.S. commercial revenue to exceed $3.144 billion. 4
Competition isn’t waiting around. Morningstar analyst Mark Giarelli points out that AWS, Snowflake, and ServiceNow have all rolled out their own data-analytics tools. Palantir sets itself apart with an “ontology framework” — a system that organizes and connects data, letting its software map relationships and guide decisions. Giarelli cautions, though, that Palantir’s “premium valuation multiple” could face sharp drops if growth falters. Currently, the stock trades at about 90 times trailing 12-month revenue. 5
Renewals and pilots don’t always lead to immediate revenue, and at this valuation, the stock leaves little room for mistakes. A dip in commercial uptake or changes in government spending could quickly derail expectations.
Investors will be watching Wednesday’s session closely to see if the Airbus renewal and Daiwa upgrade can lure buyers back after two days of declines. Early trading volume will be key, as the stock tends to react sharply to news.
Friday’s U.S. consumer price index report for January drops at 8:30 a.m. ET. This data often moves the needle on rate expectations and can sway sentiment around high-multiple tech stocks. 6
