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Summary
Palantir (PLTR) closed at $208.67 on October 13, 2026, down 0.16%, almost in line with the Nasdaq.
Financial media tied the session to investors weighing Baird's revised view, with no new company-specific news.
The stock sits 2.01% below its 52-week high after a run of about 60% over three months, per Barchart.
Gotrade News - Palantir (PLTR) closed at $208.67 on Tuesday, October 13, 2026, down 0.16%, in a quiet session for Palantir stock news. Financial media tied the session to investors weighing a revised analyst view from Baird, while the stock moved almost exactly in line with a slightly lower Nasdaq.
PLTR Trading Data
Data
Value
Closing price
$208.67
Change
-$0.33 (-0.16%)
Previous close
$209.00
Open
$208.08
Day range
$205.97 to $210.88
Volume
18.5 million shares
30-day average volume
24.8 million shares
52-week range
$106.37 to $212.94
Market cap
$502.0 billion
Regular-session close on Tuesday, October 13, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against Nasdaq's official close. Indices, the 10-year Treasury yield and oil (Brent and WTI front-month futures): Yahoo Finance daily closes for the same date.
Palantir opened at $208.08, traded between $205.97 and $210.88, and finished $2.70 above the day's low. Volume came to 18.5 million shares, 25.50% below the 24.8 million share average, which points to a session without heavy repositioning.
The Nasdaq Composite slipped 0.15% to 27,204.38, so PLTR trailed the tech index by just 0.01 percentage points. The S&P 500 eased 0.02% to 7,805.45 and the Dow Jones Industrial Average fell 0.35% to 51,670.10. The US 10-year Treasury yield ended at 5.22%, down 2.3 basis points, and front-month Brent crude futures settled at $106.34 a barrel.
Peers were mixed. Nvidia (NVDA) rose 0.97% and Oracle (ORCL) gained 4.23%, while Micron fell 3.62%. Palantir sits 2.01% below its 52-week high of $212.94 and 96.17% above its 52-week low of $106.37.
No fetched source names a new company-specific event behind the small decline. As reported by GuruFocus, PLTR traded lower during the October 13 session as investors weighed Baird's more bullish outlook, after the firm revised its view on the stock on October 12, citing Investor's Business Daily. GuruFocus added that a higher analyst view "adds nothing to the company's revenue until customers actually spend."
The backdrop is a sharp run. Per Barchart, the shares have climbed about 60% over the past three months, following stronger than expected second quarter results and a raised outlook. The 0.16% dip matched the Nasdaq's move, with no fresh company news reported.
According to Palantir's Q2 2026 earnings release filed with the SEC on August 3, 2026, revenue grew 93% year over year to $1.935 billion and US commercial revenue rose 149% to $764 million. The company guided third quarter revenue to $2.160 billion to $2.164 billion and raised full year 2026 revenue guidance to $8.150 billion to $8.158 billion, implying 82% growth.
PLTR Stock Analysis: Supporting Factors and Risks
Supporting Factors
Palantir raised its full year 2026 revenue guidance to 82% growth and its US commercial revenue guidance to at least 134% growth, according to the company's Q2 release.
Barchart reported that remaining deal value reached $13.1 billion, up 83% year over year, and US commercial customers rose 35% to 653.
As reported by Motley Fool, Palantir secured a prime contracting agreement with the US Army Contracting Command and partnered with Nvidia on its commercial AI software.
Risks
GuruFocus noted stock-based compensation of $265.2 million, about 13.7% of Q2 revenue, which creates dilution risk.
After a 60% three-month rise, GuruFocus wrote that "the next results must supply the proof," putting the third quarter report under close watch.
Barchart reported that revenue from the 20 largest customers averaged about $124 million each, showing how much the business leans on a small group of large accounts.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms registered with Kominfo (Indonesia's Ministry of Communication and Informatics). His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
