Palantir (PLTR) Hits 12-Month Low Amid Technical Breakdown and Contract Losses

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2026-06-25 17:51:02

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Palantir Technologies' stock plunged to a 12-month low of $107.53, extending a seven-day losing streak. The shares have collapsed 31% this month and 39% year-to-date, now trading 48% below their November 2025 peak. Technical support levels at $127 and $128 were decisively broken, with the stock trading well below both 50-day and 200-day moving averages.

Fundamental pressures compound the technical damage. A Swiss legal setback and lost French intelligence contract have eroded investor confidence in the former AI darling. Despite the rout, analysts maintain an Overweight rating with a $189.87 price target, implying 67% upside potential from current levels.

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