GET OUT Before Wall Street SCREWS Palantir Stock?

Stealth Wealth Investing•May 10, 2026

Summary

Luke's main thesis is that Palantir is being unfairly punished by Wall Street despite executing at an 'all-time great' level. He points out that the company has delivered several consecutive quarters of otherworldly earnings, yet the stock continues to face downward pressure. Luke identifies three signs of Wall Street 'setting up' retail investors: the stock tanking after incredible earnings, the failure to rebound despite being down 35% prior to the report, and the rotation of media hype away from Palantir toward other sectors like data centers and chip makers.

Regarding the market outlook, Luke believes that Palantir previously became significantly overvalued, taking 'too much of the future into the now.' He predicts that the stock may not see another massive run for a while as it returns to fair value, though continued earnings outperformance could accelerate this timeline. He suggests that for those already holding, there is no fundamental reason to sell, as the business is 'clicking on all cylinders' with demand outstripping supply. For new investors, he suggests a disciplined entry strategy.

Palantir (PLTR): Luke maintains a long-term bullish stance, noting that the company's risk profile at the '130' price point is much more attractive now than it was a year ago due to improved fundamentals. He mentions that while the stock previously hit '200,' the next major psychological run would be toward '300,' though he does not expect this to happen imminently. He personally holds shares with a cost basis between $10 and $12 and recommends dollar-cost averaging (DCA) for those looking to start a new position.

Mentioned Stocks

PLTR

Sentiment: BUYAction: RECOMMENDED

Reasoning: Luke describes Palantir's earnings as 'otherworldly' and 'all-time great,' noting that the business fundamentals have only changed for the positive. He argues that the current '130' price level is much more attractive and de-risked compared to a year ago. While he isn't personally adding more today because he already has a large position at a $10-$12 cost basis, he recommends that new investors use a dollar-cost averaging (DCA) strategy to build a position. He views the recent price drop as Wall Street games rather than a reflection of the company's value, and sets a long-term target of '300'.

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