Palantir Is Down 7% Today: Is It Underperforming Software Peers Like Palo Alto and CrowdStrike?

1 hour ago 5

David Moadel

Mon, June 22, 2026 astatine 11:40 AM CDT 4 min read

Quick Read

Palantir slid 7% to trial $120 aft a French quality bureau declaration phase-out renewed European declaration nonaccomplishment concerns.
CrowdStrike (up 46% twelvemonth to date) and Palo Alto (near 52-week highs) held steady, indicating that Palantir's driblet is company-specific, not a assemblage rotation.
Palantir trades astatine 144x trailing P/E contempt 84.7% gross growth, keeping the bull-bear valuation disagreement wide and unresolved.
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Palantir Technologies (NASDAQ:PLTR) banal is the standout laggard successful endeavor bundle astatine midday Monday, sliding 7% to astir $120. The determination tracks with Fuse information showing PLTR shares down 6% connected the session, portion the broader high-multiple bundle cohort hardly budges.

Shutterstock / Piotr Swat

Compare that to the day's scoreboard for the named peers. Palo Alto Networks (NASDAQ:PANW) banal is down by little than 1% to astir $285, and CrowdStrike (NASDAQ:CRWD) shares are astir level astatine astir $683. So yes, Palantir is underperforming its bundle peers today, and it isn't close.

One categorization enactment matters here. Palantir is chiefly an AI and data-analytics level serving authorities and endeavor customers, portion Palo Alto and CrowdStrike are cybersecurity firms. Grouping them nether the "high-multiple software" umbrella works for valuation framing, but the businesses are not identical.

Why Palantir Stock Is the Day's Standout Laggard

The unit connected Palantir banal looks company-specific. Reporting contiguous flagged Palantir's declaration phase-out with a French home quality bureau successful favour of a section competitor, reviving concerns archetypal surfaced past week erstwhile Simply Wall Street covered a ineligible nonaccomplishment successful Switzerland and France replacing Palantir for quality enactment with a home provider.

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Layered connected apical is dense positioning. The bears constituent to dense abbreviated interest, progressive shorting, anemic near-term momentum, and skepticism astir valuation comparative to near-term execution. The valuation is simply a notable lightning rod: Palantir trades astatine a trailing P/E ratio of 144x and a guardant P/E ratio of 88x, with a 50-day moving mean of $138.43 present good supra spot.

The bulls person a existent lawsuit too. They mention semipermanent AI-driven authorities and endeavor request and a concern with Alphabet's (NASDAQ:GOOGL) Google Cloud arsenic a imaginable maturation avenue, anchored by a Q1 2026 net study successful which Palantir delivered $1.63 cardinal successful revenue, up 84.7% twelvemonth implicit twelvemonth and raised full-year guidance to 71% growth. That's the tension: elite maturation gathering an unforgiving multiple.

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