Key Takeaways
- Shares of Palantir declined 7.3% on Thursday following a since-deleted social media post by Michael Burry suggesting Anthropic is capturing market share from the enterprise AI firm
- Despite removing the post, Burry’s comments triggered investor concern and selling pressure
- Wedbush’s Daniel Ives maintained his Outperform rating with a $230 price target, dismissing Burry’s stance as a “fictional narrative”
- While Anthropic’s annual recurring revenue surged from $9 billion to $30 billion in 2025, Ives contends this growth doesn’t come at the expense of Palantir
- Analysts collectively rate PLTR as a Moderate Buy with a consensus price target of $194.61
Shares of Palantir experienced significant downward pressure Thursday, sliding 7.3% after Michael Burry — the legendary investor immortalized in “The Big Short” — published a post on X suggesting that Anthropic is “eating Palantir’s lunch.” The comment sent ripples through the market, unsettling investors already anxious about competitive threats in the enterprise AI landscape. Burry has maintained a consistently negative outlook on Palantir for some time.
Palantir Technologies Inc., PLTR
Although the post was subsequently removed, its impact on market sentiment had already been felt.
Anthropics’s expansion trajectory is undeniably impressive. The AI company has witnessed its annual recurring revenue skyrocket from $9 billion at the beginning of 2026 to $30 billion — figures that have garnered considerable market attention.
Wedbush’s Daniel Ives issued a forceful rebuttal. He characterized Burry’s position as a “wrong take and fictional narrative,” while reaffirming his Outperform rating alongside a $230 price objective for PLTR.
Ives contended that the expansion of Anthropic and Palantir’s respective businesses aren’t mutually exclusive. He referenced Palantir’s fourth quarter 2025 financial performance as supporting evidence — U.S. Commercial revenue surged 137% year-over-year, while U.S. Government revenue climbed 66%.
Total revenue expansion reached 56% over the trailing twelve months. Gross profit margins stand at an impressive 82%, which InvestingPro identified as a significant competitive strength.
Ives’s Take on Palantir’s Competitive Position
Ives maintained that Palantir’s genuine competitive advantage operates in a different domain than Anthropic. The company’s defensive moat centers on data infrastructure and ontology capabilities — rather than competing directly with large language models.
He emphasized that Anthropic’s Claude doesn’t undermine that strategic position. According to Ives, enterprise AI adoption is actually gaining momentum because of the wider artificial intelligence trend, not in spite of it.
Ives characterized Palantir as positioned “at the epicenter of leaders in the AI Revolution,” emphasizing that its AIP product advantage remains “unmatched.”
The selling pressure on PLTR this week extended beyond Burry’s commentary. Anthropic had also recently unveiled a new offering centered on multi-agent orchestration, which contributed to broader unease throughout the software industry.
Current Analyst Sentiment on PLTR
The Street’s overall stance on Palantir is Moderate Buy, derived from 14 Buy recommendations, 5 Hold ratings, and 2 Sell ratings. The mean price objective stands at $194.61, suggesting approximately 49% potential upside from present levels.
PLTR is presently changing hands around $130.47, giving the enterprise a market capitalization of $312 billion. Year-to-date, the stock has retreated roughly 27%.
Rosenblatt similarly maintains a Buy recommendation on Palantir, pointing to potential catalysts from the Golden Dome Missile Shield initiative, which the Wall Street Journal indicated could require $185 billion in funding for just its initial phase.
Palantir has also recently deepened its collaboration with Bain & Company and joined forces with Moder to develop an AI-driven mortgage operations platform, with Freedom Mortgage serving as the inaugural pilot partner.
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