Global Stock News

Palantir (PLTR) stock price slips as DHS $1 billion deal report collides with Rackspace tie-up, Mizuho upgrade

Palantir (PLTR) stock price slips as DHS $1 billion deal report collides with Rackspace tie-up, Mizuho upgrade

NEW YORK, Feb 20, 2026, 10:21 EST — Regular session

  • Palantir shares were lower in morning trade as investors digested a new U.S. government procurement headline.
  • A fresh services partnership and an analyst upgrade kept the stock in play.
  • Traders are watching whether contract orders and partner-led deployments show up as revenue.

Palantir Technologies shares fell 1.5% to $132.89 on Friday, extending a choppy stretch for the data-analytics company. The stock traded between $131.23 and $136.38, with volume around 13.7 million shares.

The pullback matters because Palantir has become a quick read on investor appetite for “AI software” stories that hinge on big contracts and fast rollouts, not just product…

Source link

Share this article

Scroll to Top