Palantir(PLTR) performance since Apr market slide

2025-08-27
AI Stocks
Since April 2025, Palantir Technologies (PLTR) stock has displayed significant volatility, marked by a strong rally to record highs in August and intermittent sharp selloffs. The stock started April near the lower end of its recent range before rallying as Palantir reported its first-ever $1 billion quarterly revenue, blowing past Wall Street expectations and riding the ongoing boom in artificial intelligence adoption. By August 11-12, PLTR hit new all-time intraday and closing highs at $190.00 and $186.97 respectively—an enormous gain from its April lows around $120, and an astounding leap from its 52-week low of $29.31 earlier in 2025. The stock was up over 400% year-over-year by August, entering the top tier of US tech companies and becoming one of the most actively traded on the NASDAQ. After peaking, Palantir saw a correction starting mid-August. A streak of six straight daily losses by August 20 marked its longest losing run since April 2024, dropping the stock 18% from its recent highs and briefly pushing it out of the top 20 US market caps. The selloff was attributed to profit-taking, insider selling—including a $60 million sale by CEO Alex Karp—heightened short-seller activity, and critical analyst commentary on valuation excesses. By August 27, PLTR had rebounded to about $160, maintaining elevated trading volume and still up dramatically versus its spring levels, outperforming sector peers like Snowflake and Datadog. Despite periods of pullback, Palantir's forward price-to-earnings remains high at over 500, with analysts’ future price targets stretching from $45 up to $210, suggesting divided opinions on sustainability. Overall, Palantir’s market performance from April to August 2025 highlights exceptional momentum from AI-driven growth, record-setting highs mid-summer, followed by sector volatility and profit-taking, leaving the stock still up sharply while its valuation remains a prominent debate.