Palantir drops about 7% in a broad tech sell-off and is down 26% for the year

One report says Palantir Technologies declined about 7% amid a broader technology sell-off. Another notes that the company grew revenue 85% and raised its full-year guidance, and asks why the stock is down 26% since the start of the year.

Palantir sells data analysis and AI software to government agencies and businesses. A stock that has risen strongly can react sharply when its sector falls, and the reports above show the shares moving lower on a day when technology stocks as a group were under pressure. The size of the one-day drop differs between sources, so it is worth checking the exact closing figures rather than relying on any single headline.

What our numbers show: Palantir closed at $186.03 on 16 October 2026, a move of -7.22% on that trading day. It has an X-Ray Score of 60 out of 100, and its fair value label is Data under review, which the site uses when the gap between price and model is too extreme to trust. These figures come from our own data and are not advice.

Headlines change quickly, so check Palantir's own announcements and its SEC filings for confirmed information.