Palantir stock hit with death cross; $70 crash next?

At the same time, noted that the next potential downside target sits near the weekly 100-week moving average, which the chart places around $110. A deeper decline could bring the stock toward the weekly 200-week moving average near $70.

If the broader bear cycle fully develops, the chart suggests the possibility of a move toward the 1.382 Fibonacci extension later in the cycle, implying a decline approaching 80% from the peak, similar to the magnitude of the correction during the 2022 downturn.

Under this scenario, the $70 region could become a key long-term support level where investors may begin accumulating shares if the stock continues to weaken through the year.

Overall, the technical warning comes as PLTR stock has made a rebound in the past month, with the stock up almost 15%.

PLTR stock fundamentals

The rebound comes amid escalating geopolitical tensions in the Middle East involving U.S.-Iran relations, which investors view as favorable for Palantirs defense and government AI solutions.

Recent partnerships, including expansions with GE Aerospace for military aircraft readiness, NVIDIA for sovereign AI architecture, Centrus Energy, Ondas, and LG CNS, further bolster commercial momentum.

Fundamentals remain robust following the companys Q4 2025 earnings, where revenue surged 70% year over year to $1.41 billion, with U.S. commercial revenue up 137% to $507 million and adjusted EPS of $0.25, beating estimates.

The firm guided 2026 revenue to $7.18–$7.20 billion and U.S. commercial revenue exceeding $3.14 billion, with strong free cash flow projections around $4 billion.