Key Takeaways
- Shares of Palantir declined 7.3% on Thursday following a social media post by Michael Burry suggesting Anthropic is threatening the company’s market position
- The “Big Short” investor removed his post shortly after publishing it, though market sentiment had already shifted
- Daniel Ives from Wedbush maintained his Outperform rating with a $230 target, dismissing Burry’s perspective as unfounded
- While Anthropic’s annual recurring revenue surged from $9 billion to $30 billion in 2025, Ives contends this growth doesn’t encroach on Palantir’s business
- Analysts collectively rate PLTR as a Moderate Buy, with a consensus target price of $194.61
Shares of Palantir experienced significant turbulence Thursday, plummeting 7.3% following a post on X from Michael Burry — the renowned investor from “The Big Short” fame — suggesting that Anthropic is capturing market share from Palantir. The commentary sent ripples through investor circles already on edge about competitive dynamics in the artificial intelligence enterprise software market. Burry has maintained a skeptical stance on Palantir for some time.
Palantir Technologies Inc., PLTR
Although the message was subsequently removed, its impact on market sentiment had already materialized.
The expansion metrics from Anthropic are certainly noteworthy. The artificial intelligence company witnessed its annual recurring revenue skyrocket from $9 billion at the beginning of 2026 to an impressive $30 billion — figures that generated substantial investor interest.
Daniel Ives, an analyst at Wedbush, offered a forceful rebuttal. He characterized Burry’s assessment as a “wrong take and fictional narrative,” while reaffirming his Outperform stance with a $230 valuation on PLTR.
Ives contended that the expansion of Anthropic and the success of Palantir’s business aren’t mutually exclusive. He referenced Palantir’s fourth-quarter 2025 financial performance as supporting evidence — U.S. Commercial segment revenue surged 137% year-over-year, while U.S. Government revenue climbed 66%.
Total revenue expansion reached 56% across the trailing twelve months. The company’s gross profit margins stand at an impressive 82%, a metric InvestingPro highlighted as a significant competitive strength.
Ives’ Perspective on Palantir’s Competitive Advantages
Ives maintained that Palantir’s genuine competitive positioning doesn’t overlap with Anthropic’s offerings. The company’s protective barrier centers on data architecture and ontology capabilities — distinct from large language model technology.
He emphasized that Anthropic’s Claude isn’t undermining Palantir’s strategic advantages. According to Ives, enterprise AI adoption is actually gaining momentum thanks to the expanding artificial intelligence ecosystem, not in spite of competitive developments.
Ives characterized Palantir as positioned “at the epicenter of leaders in the AI Revolution,” emphasizing that its AIP platform advantages remain “unmatched.”
The selling pressure on PLTR shares this week extended beyond Burry’s commentary. Anthropic had also unveiled a new offering centered on multi-agent orchestration capabilities, contributing to broader anxiety throughout the software industry.
Analyst Community’s View on PLTR
The Street’s overall assessment of Palantir stands at Moderate Buy, derived from 14 Buy recommendations, 5 Hold ratings, and 2 Sell opinions. The mean price objective rests at $194.61, suggesting approximately 49% potential appreciation from present trading levels.
PLTR shares are currently changing hands near $130.47, placing the enterprise’s market capitalization at $312 billion. The equity has retreated roughly 27% since the start of the year.
Rosenblatt similarly maintains a Buy recommendation on Palantir, pointing to possible upside tied to the Golden Dome Missile Shield initiative, which according to Wall Street Journal reporting could require $185 billion in funding during its initial phase.
Palantir has additionally broadened its strategic relationship with Bain & Company recently and joined forces with Moder to develop an AI-driven mortgage operations solution, with Freedom Mortgage serving as the inaugural pilot client.
