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Palantir: I Sold After The Q1 Miss, But I'm Not Bearish
2026-05-23 · via All Articles on Seeking Alpha

Summary

  • After Q1 and the rerating failure, I sold Palantir Technologies (PLTR) because patience became the trade.
  • To be clear, the U.S. commercial miss does not scare me. What changed is the market’s refusal to pay up for even faster guidance.
  • I now need to see a visible quarterly scale. The $3.224 billion U.S. commercial guide has to show up in revenue quickly.
  • My math says that a 21% quarterly ramp can work if Palantir converts like 2025. I need customer options being exercised and U.S. commercial contracts staying live.
  • Is the above a stretched growth assumption? I don't think so. However, I no longer like the setup enough to hold it as I see better opportunities elsewhere.
Silhouette of a man walking in the town, tranquil backlit scene

Smileus/iStock via Getty Images

Since the Q1 2026 earnings release, Palantir Technologies Inc. (PLTR) has become one of the most difficult stocks in my portfolio to think about cleanly.

Given the momentum elsewhere, I bit the bullet and completely exited my position. To be crystal

13.17K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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