Palantir Delivers Blowout Q1, Yet Stock Slips on Valuation Concerns

Palantir reports Q1 2026 revenue up 85% to $1.633B with a 60% operating margin and a Rule of 40 score of 145%, prompting a raised outlook; however the stock fell about 6% after the results and is down around 22% year-to-date, as one investor argues the results are strong but not enough against lofty expectations, while Wall Street maintains a bullish consensus with a 12-month target near $187.56 (roughly 36% upside).