Palantir Technologies ($PLTR) rose on April 09, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-7.63% decline; elevated volume (1.4x); Michael Burry commentary: 'Anthropic is eating Palantir's lunch'
The Bull Case
High insider ownership (8.56%); AI/data analytics secular tailwinds; oversold technicals (RSI 35.37)
The Bear Case
Anthropic's new Mythos model threatens software moat; P/E 205.68 unsustainable; analyst skepticism on AI differentiation
Price Target & What to Watch
Wall Street target $191.29; current $130.02