Key Takeaways
- Shares of Palantir declined 7.3% on Thursday following a social media post from Michael Burry suggesting Anthropic poses a competitive threat
- The investor removed his post shortly after publishing, though market sentiment had already shifted
- Daniel Ives from Wedbush maintained his Outperform rating with a $230 price target, dismissing the competitive concern as unfounded
- Anthropic has expanded its annual recurring revenue from $9 billion to $30 billion within 2026, though Ives contends this growth doesn’t impact Palantir
- The Street maintains a Moderate Buy stance on PLTR, with a consensus price target of $194.61
Shares of Palantir experienced significant downward pressure on Thursday, shedding 7.3% after Michael Burry — the hedge fund manager who gained prominence from his housing crisis bet chronicled in “The Big Short” — published a message on X suggesting Anthropic represents a competitive challenge to Palantir’s business. The message created uncertainty among shareholders who were already monitoring competitive dynamics within the enterprise AI software market. Burry has maintained a skeptical position on Palantir over time.
Palantir Technologies Inc., PLTR
Although Burry removed the message from his account, its impact on market sentiment had already materialized.
The revenue trajectory at Anthropic presents compelling figures. The AI company has expanded its annual recurring revenue from $9 billion earlier in 2026 to $30 billion — growth metrics that drew substantial market attention.
We believe the take that Anthropic is eating PLTR’s lunch, (amplified by Michael Burry’s now-deleted post on X earlier today), is the wrong take and fictional narrative (in our view) as Palantir is at the epicenter of leaders in the AI Revolution. Core AI winner and tech leader🐂
— Dan Ives (@DivesTech) April 9, 2026
Daniel Ives from Wedbush responded forcefully to these claims. He characterized Burry’s perspective as “wrong take and fictional narrative,” while reaffirming his Outperform stance and $230 valuation on PLTR.
Ives contended that revenue expansion at Anthropic and Palantir’s business trajectory represent separate market opportunities. He referenced Palantir’s Q4 2025 financial performance as supporting evidence — U.S. Commercial segment revenue expanded 137% year-over-year, while U.S. Government revenue climbed 66%.
Total revenue growth reached 56% across the trailing twelve-month period. Gross profit margins stand at 82%, a metric InvestingPro highlighted as a significant competitive strength.
Ives’ View on Palantir’s Competitive Position
Ives maintained that Palantir’s competitive advantages operate in a different domain than Anthropic. The company’s defensive position centers on data infrastructure and ontology capabilities — distinct from large language model technology.
He stated that Anthropic’s Claude does not undermine these foundational strengths. Ives believes enterprise AI adoption continues to gain momentum because of the expanding AI ecosystem, which benefits multiple players.
Ives positioned Palantir as operating “at the epicenter of leaders in the AI Revolution,” emphasizing that its AIP product advantages remain “unmatched.”
The selling pressure on PLTR during this period extended beyond Burry’s social media commentary. Anthropic had also unveiled a new offering centered on multi-agent orchestration capabilities, which contributed to broader concerns throughout the software industry.
Current Analyst Positioning on PLTR
The consensus view from Wall Street analysts on Palantir stands at Moderate Buy, derived from 14 Buy recommendations, 5 Hold ratings, and 2 Sell opinions. The mean price objective reaches $194.61, suggesting approximately 49% potential appreciation from present trading levels.
PLTR shares currently change hands near $130.47, valuing the enterprise at $312 billion. The stock has declined roughly 27% since the beginning of the year.
Rosenblatt maintains a Buy recommendation on Palantir as well, highlighting possible value creation from the Golden Dome Missile Shield initiative, which the Wall Street Journal indicated could require $185 billion in funding during its initial deployment phase.
Palantir has also broadened its strategic alliance with Bain & Company in recent weeks and collaborated with Moder to develop an AI-driven mortgage operations system, with Freedom Mortgage serving as the inaugural deployment partner.
