--- title: "Weekly Recap | Palantir Tech -6.42%, Google rivalry shakes the week" type: "News" locale: "en" url: "https://longbridge.com/en/news/298101916.md" description: "Palantir Tech fell 6.42% this week to close at $174.33. The S&P 500 gained 0.09%, leaving Palantir about 6.51 percentage points behind the index. Weekly amplitude reached 12.05%, and the move was far from one-directional. Monday opened near $184.50, with a session high of $187.94; Tuesday broke below $180; Wednesday brought the week’s steepest drop, touching $165.71 before settling at $169.46; Thursday bounced back to $182.53; Friday faded late and closed at $174.33." datetime: "2026-09-05T07:58:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298101916.md) - [en](https://longbridge.com/en/news/298101916.md) - [zh-HK](https://longbridge.com/zh-HK/news/298101916.md) generator: "portal-rs" --- # Weekly Recap | Palantir Tech -6.42%, Google rivalry shakes the week ## The Week Palantir Tech fell 6.42% this week to close at $174.33. The S&P 500 gained 0.09%, leaving Palantir about 6.51 percentage points behind the index. Weekly amplitude reached 12.05%, and the move was far from one-directional. Monday opened near $184.50, with a session high of $187.94; Tuesday broke below $180; Wednesday brought the week’s steepest drop, touching $165.71 before settling at $169.46; Thursday bounced back to $182.53; Friday faded late and closed at $174.33. The rhythm was a pull back, a sharp rebound, then another fade. ## Key Events Two threads drove the week. On the personnel side, former AIG CEO Peter Zaffino was named Palantir’s global head of financial services on 2 September, first via AIG’s board announcement and later confirmed by the company. On the business side, Google’s new AI tools for government were cited across multiple reports as the backdrop to Wednesday’s slide, with headlines pointing to a ‘new threat from Google’ and the worst one-day slump since February. Sentiment shifted on Thursday: PwC and Palantir announced an expanded strategic alliance to scale enterprise AI, and later that day Palantir rose nearly 8% at one point after securing the US Army TITAN contract. Ocean Power Technologies also selected Palantir Foundry, but the dominant narrative remained a tug-of-war between the high-profile hire, Google competition and government contract wins. ## Analyst Ratings Coverage is broad, with 33 brokers in total: 20 rate it strong buy, 9 hold, 1 buy, 1 overweight, 1 underweight, 1 sell and 1 no opinion. The consensus rating is buy, and the consensus target sits at $191.68, roughly 9.95% above the $174.33 close. The target range spans from $80 to $255, a spread of more than three times between the low and high end, reflecting sharp disagreement. Within the application-software sector of 200 comparable names, Palantir ranks 10th by analyst rating. ## The Week Ahead No Palantir earnings are scheduled next week, so attention shifts to US macro data. The NFIB Small Business Optimism Index lands on 8 September, prior 99.8. The 10th of September is busier: 10-year Treasury auction yield and bid-to-cover, initial jobless claims, final demand PPI and core PPI, existing home sales and wholesale sales. Beyond the calendar, the follow-through on Google’s government AI push and the pace of contracts after TITAN will show whether this week’s two lines hold. ## In Short Palantir fell more than it rose this week, but the move was not a straight sell-off. Wednesday’s slide coincided with the Google competition headlines, while Thursday’s rebound arrived alongside the PwC alliance and the TITAN contract. The ratings picture is supportive on the surface: most of the 33 brokers rate it buy or overweight, and the consensus target is above spot. But the wide target range and the relatively limited large-lot buying in the latest session create tension between valuation and money flow. The question now is whether government and enterprise AI contracts keep landing, and whether the market can digest Google’s push into government AI without another leg down. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) ## Related News & Research - [Palantir, Nvidia curb AI model use over data fears, The Information reports](https://longbridge.com/en/news/298937599.md) - [Palantir Deepens AI Partnership With Nvidia: How Sovereign AI Is Transforming Supply Chain Management?](https://longbridge.com/en/news/298584802.md) - [Adidas reports 174 million total voting rights outstanding](https://longbridge.com/en/news/298941316.md) - [Silynxcom Announces Financial Results for the Six Months Ended June 30, 2026: Revenue Increased 174% Compared with H1-2025 | SYNX Stock News](https://longbridge.com/en/news/298922257.md) - [Hershey (HSY) Tests Its Valuation After Supply Chain Gains And New Product Push](https://longbridge.com/en/news/298732149.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**