PLTR Stock Today: ‘SaaS Apocalypse’ Rout vs AI Momentum — February 24
Palantir share price is under pressure as risk-off flows hit software, yet AI adoption stays firm. The stock last traded near $134.89, with year-to-date losses around 26% amid a broader SaaS selloff. We review PLTR through Singapore’s lens: technicals, valuation, and catalysts tied to its Palantir AI platform. We also outline a practical married-put hedge. With strong revenue growth and free cash flow, the long-term AI case remains intact, but valuation and volatility argue for careful entries and risk control.
Palantir share price today: pressure vs AI momentum
Palantir share price reflects a risk-off SaaS tape, closing near $134.89 on volume of 42.2 million versus a 44.1 million average. Intraday ranged between $131.01 and $136.16. Despite strong AI tailwinds, the stock is about 26% lower year to date, keeping sentiment fragile. Commercial wins and government demand help the long-term story, but traders are fading rallies on valuation concerns.
RSI at 34.45 sits near oversold while ADX at 31.77 signals a strong downtrend. Price is below the 50-day average at $166.22 and the 200-day at $161.04. Bollinger middle band is $142.39 with the lower band near $119.12. MACD remains negative, though the small positive histogram hints at waning downside momentum. Supports: $131 and $119.
US-listed software trades overnight Singapore time, which adds gap risk. Quotes settle in USD, so SGD-based investors face FX swings on top of equity volatility. Consider position sizing, wider stops in a high-ATR name, and funding costs. If using options, confirm US options access and margin rules with your SG broker before placing hedges or spreads.
Fundamentals and valuation check
Revenue grew about 28.8% year over year with robust margins, including a ~36.3% net margin and strong free cash flow per share near $0.88. Return on equity stands around 25.7% with low leverage and a current ratio near 7.1. The Palantir AI Platform is driving commercial adoption alongside steady government demand, supporting multi-year growth potential. See perspective on AI leadership from Forbes source.
Valuation stays rich: TTM P/E near 191, price-to-sales about 66, price-to-free-cash-flow roughly 141, and price-to-book near 42. Cash per share sits around $3.01 with minimal debt. These multiples are well above mega-cap software averages, which explains sensitivity to risk-off swings and why multiple compression remains the key downside driver despite solid execution metrics.
Analyst mix is balanced-to-cautious: 17 Buys, 15 Holds, and 5 Sells, implying a Hold-leaning consensus score of 3.0. Our latest company rating on 23 Feb 2026 is B with a Neutral stance, reflecting strong ROE and ROA but stretched P/E and P/B. System stock grade is B+ at 78.68, with a tactical BUY suggestion given growth and forecasts.
PLTR stock forecast and scenarios
Model outputs imply wide paths: one-month $91.31, quarterly $236.19, one-year $291.64, three-year $506.05, five-year $720.43, and seven-year $935.91. These are not guarantees. They highlight high dispersion typical for premium AI names. Investors should stress test outcomes across rate paths, enterprise AI budgets, contract timing, and potential valuation reset scenarios.
Watch the next earnings on 4 May 2026 and updates on U.S. commercial rollouts, NATO government contracts, and AIP deployments. Track stock-based compensation at roughly 15% of revenue, which can dilute per-share metrics if elevated. Also follow cash conversion, free cash flow growth, and deal velocity in regulated industries like healthcare, finance, and defense.
A deeper SaaS selloff could pressure multiples further. Competitive responses from large platform vendors may slow AIP wins. Any slip in government renewals or delayed commercial pilots would weigh on growth. For Singapore investors, USD/SGD swings can amplify drawdowns, so FX awareness and staggered entries become important alongside equity risk controls.
Trade ideas for Singapore investors
A simple hedge is to buy shares and one protective put for every 100 shares. Consider expiries one to three months out with strikes near recent support around $130, adjusting for ATR near $7.95. This limits tail risk while keeping upside open. For context on protective ideas, see Barchart’s options piece source.
Use staged buys to manage timing risk. Set alerts around the 200-day average near $161 and the lower Bollinger band at $119 for potential add zones. Size positions conservatively given high volatility and rich valuation. Maintain dry powder for dislocations, and review FX exposure if funding in SGD while holding a USD-denominated asset.
A close back above the 50-day average with rising OBV from its weak baseline would support accumulation. RSI reclaiming 50 and a positive MACD cross would confirm improving momentum. Stabilization in stock-based compensation and continued free cash flow growth would strengthen the fundamental backdrop alongside visible AIP contract expansions.
Final Thoughts
Palantir share price is caught between premium AI expectations and a risk-off SaaS tape. The business shows healthy growth, strong margins, and ample liquidity, but a rich multiple keeps the stock sensitive to macro and sentiment shifts. For Singapore investors, patience and structure matter. Consider staged entries near clear technical levels, keep position sizes modest, and manage USD exposure. If you prefer protection, a married put caps downside while preserving upside. Watch the May 4 earnings, AIP deal momentum, cash generation, and dilution trends for confirmation. This content is informational only. Always do your own research before investing.
FAQs
Why is Palantir share price falling despite AI adoption?
Two forces are colliding. Execution is solid, with strong margins and free cash flow. Yet the stock carries a premium valuation. When risk appetite fades, premium software names often sell off first as multiples compress. Until the tape turns, even good news can struggle to re-rate the shares.
Is the PLTR stock forecast bullish or bearish right now?
Forecasts show wide dispersion. Near term, technicals lean cautious with price below key moving averages and RSI near oversold. Longer term, some models point higher on AIP adoption and government demand. Treat forecasts as scenarios, not promises, and size positions for volatility and possible multiple compression.
How can Singapore investors hedge PLTR exposure effectively?
A married put is straightforward. Buy shares and one put per 100 shares, typically one to three months out with a strike near support. This caps losses while keeping upside open. Confirm US options access, margin, and commissions with your broker, and remember FX movements add another layer of risk.
What levels should traders watch over the next few weeks?
Watch resistance near the 50-day average around $166 and the 200-day near $161. On the downside, monitor $131 and the Bollinger lower band near $119. RSI moving above 50 and a positive MACD cross would support a rebound, while breakdowns below $119 increase downside risk.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.