Key Takeaways
- Shares of Palantir declined 7.3% on Thursday following a post from Michael Burry on X suggesting Anthropic poses a competitive threat to the company
- The post was subsequently removed, though investor sentiment had already been affected
- Wedbush’s Daniel Ives maintained his Outperform rating with a $230 price objective, dismissing Burry’s concerns as unfounded
- While Anthropic’s annual recurring revenue surged from $9 billion to $30 billion in 2025, Ives contends this growth doesn’t threaten Palantir’s position
- Analyst consensus on PLTR stands at Moderate Buy with a mean price target of $194.61
Shares of Palantir experienced significant downward pressure on Thursday, sliding 7.3% after a social media post from Michael Burry — the famed investor from “The Big Short” — suggested that Anthropic is taking market share from Palantir. The comment sparked concern among investors who were already monitoring competitive dynamics in the enterprise AI landscape. Burry has maintained a negative stance on Palantir for some time.
Palantir Technologies Inc., PLTR
Though Burry removed the post shortly after publishing it, the market impact had already registered.
Anthropic’s revenue trajectory has been remarkable. The artificial intelligence company saw its annual recurring revenue skyrocket from $9 billion at the beginning of 2026 to $30 billion — a figure that generated substantial market attention.
Daniel Ives from Wedbush Securities issued a forceful rebuttal. He characterized Burry’s perspective as a “wrong take and fictional narrative” while reaffirming his Outperform rating and $230 price objective for PLTR.
Ives contended that growth at Anthropic and Palantir’s expansion don’t represent competing outcomes. He referenced Palantir’s fourth quarter 2025 financial performance to support his position — U.S. Commercial revenue surged 137% on a year-over-year basis, while U.S. Government revenue climbed 66%.
Total revenue expanded 56% across the trailing twelve-month period. The company’s gross profit margins reached 82%, which InvestingPro identified as a significant competitive strength.
Ives Defends Palantir’s Strategic Positioning
Ives emphasized that Palantir’s core competitive advantages operate in a different domain than Anthropic’s offerings. The company’s defensive moat centers on data infrastructure and ontology capabilities — distinct from large language model development.
He noted that Anthropic’s Claude doesn’t threaten this foundational advantage. Ives actually believes enterprise AI adoption is gaining momentum because of the broader artificial intelligence movement, which benefits Palantir.
According to Ives, Palantir stands “at the epicenter of leaders in the AI Revolution,” with its AIP platform maintaining an “unmatched” competitive position.
The selling pressure on PLTR shares this week extended beyond Burry’s social media commentary. Anthropic had also unveiled a new offering centered on multi-agent orchestration, which contributed to uncertainty throughout the software sector.
Analyst Community’s View on PLTR
The Street’s overall rating on Palantir is Moderate Buy, incorporating 14 Buy recommendations, 5 Hold ratings, and 2 Sell opinions. The consensus price objective stands at $194.61, suggesting approximately 49% appreciation potential from present levels.
PLTR shares currently trade near $130.47, valuing the enterprise at $312 billion. Year-to-date, the stock has declined roughly 27%.
Rosenblatt maintains a Buy recommendation on Palantir as well, pointing to potential catalysts including the Golden Dome Missile Shield initiative, which the Wall Street Journal indicated could require $185 billion in funding for its initial phase.
Palantir has also recently deepened its collaboration with Bain & Company and established a partnership with Moder to develop an AI-driven mortgage operations system, with Freedom Mortgage serving as the inaugural pilot client.
