Why Palantir Stock Just Set a 52-Week Low

Why Palantir Stock Just Set a 52-Week Low Rich Smith, The Motley Fool Thu, June 25, 2026 at 7:32 PM GMT+2 3 min read PLTR NVDA ZETA Palantir Technologies (NASDAQ: PLTR) stock, one-time star of the defense technology industry , tumbled 5. 2% through 12:50 p. m.

ET Thursday. In fact, earlier in the morning, the company briefly set a new 52-week low share price of $106. 39.

And here's the weird thing: It dropped not on bad news but on good news. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.

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Palantir's still winning contracts Monday, Palantir confirmed it will play a role in the U. S. Army's Next Generation Command and Control (NGC2) project, helping modernize command-and-control.

Separately, the company announced a partnership with Zeta Global (NYSE: ZETA) to use Palantir's AI infrastructure to support Zeta's marketing. But here's the thing: Palantir didn't put a dollar value on its NGC2 contract. And according to Wedbush analyst Dan Ives (who's a Palantir fan, with an outperform rating and a $230 price target), the Zeta deal will "drive more than $100 million in revenue for Zeta over multiple years.

" That's not a lot of money relative to Palantir's $5. 2 billion annual revenue stream. What's more, this is revenue Zeta will collect with help from Palantir.

What it pays Palantir for that help will almost certainly be much less than $100 million and "over multiple years. " What it means for Palantir So neither contract promises to move the needle much for Palantir, restore the one-time tech darling's momentum, or pull Palantir out of its 52-week funk. But here's the good news for Palantir investors: Valued today at $272 billion, generating $2.

7 billion in annual free cash flow, and expected to grow earnings at 54% annually, Palantir is finally approaching a defensible valuation -- a price-to-FCF-to-growth ratio of less than 2. 0. I'm not quite ready to buy Palantir at this price.

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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy .