TLDR
- Shares of Palantir declined 7.3% on Thursday following a post by Michael Burry suggesting Anthropic poses a competitive threat to the company
- The post was subsequently removed, though investor sentiment had already been impacted
- Daniel Ives from Wedbush maintained his Outperform rating with a $230 price objective, dismissing Burry’s claims as unfounded
- While Anthropic’s annual recurring revenue surged from $9 billion to $30 billion in 2025, Ives contends this growth doesn’t undermine Palantir’s business
- Analyst consensus on PLTR stands at Moderate Buy, with a mean price objective of $194.61
Shares of Palantir experienced significant selling pressure on Thursday, tumbling 7.3% following a social media post from Michael Burry — the renowned investor featured in “The Big Short” — who claimed that Anthropic is directly challenging Palantir’s market position. The message triggered anxiety among shareholders already concerned about intensifying rivalry in the artificial intelligence enterprise software market. Burry has maintained a consistently negative outlook on Palantir.
Palantir Technologies Inc., PLTR
Although the message was subsequently removed from the platform, its impact on market sentiment had already materialized.
The expansion metrics from Anthropic are certainly noteworthy. The artificial intelligence company witnessed its annual recurring revenue skyrocket from $9 billion at the beginning of 2026 to $30 billion — figures that generated considerable market interest.
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 Securities mounted a vigorous defense. He characterized Burry’s position as an “incorrect assessment and fabricated storyline,” while reaffirming his Outperform designation alongside a $230 price objective for PLTR.
Ives contended that expansion at Anthropic and growth at Palantir aren’t mutually exclusive. He referenced Palantir’s fourth quarter 2025 financial performance as supporting evidence — U.S. Commercial segment revenue expanded 137% on a year-over-year basis, while U.S. Government revenue climbed 66%.
Total revenue expansion reached 56% across the trailing twelve-month period. Gross profit margins stand at an impressive 82%, which InvestingPro identified as a significant competitive strength.
What Ives Says About Palantir’s Moat
Ives maintained that Palantir’s genuine competitive advantage operates in a different sphere than Anthropic. The company’s protective barrier is constructed around proprietary data architecture and ontology frameworks — not foundational language models.
According to his analysis, Anthropic’s Claude doesn’t threaten that strategic positioning. Ives actually believes corporate adoption is gaining momentum because of the expanding AI ecosystem, not in spite of competitive dynamics.
Ives characterized Palantir as positioned “at the very center of AI Revolution leadership,” emphasizing that its AIP platform advantage continues to be “without equal.”
The downward pressure on PLTR shares this week extended beyond just Burry’s social media commentary. Anthropic had also unveiled a new solution centered on multi-agent coordination capabilities, which contributed to heightened concerns throughout the enterprise software industry.
Where Analysts Stand on PLTR
The Street’s overall rating on Palantir registers as Moderate Buy, reflecting 14 Buy recommendations, 5 Hold ratings, and 2 Sell designations. The mean price objective stands at $194.61, suggesting approximately 49% potential appreciation from present trading levels.
PLTR is presently exchanging hands near $130.47, translating to a market capitalization of $312 billion. The equity has declined approximately 27% year-to-date.
Rosenblatt Securities likewise maintains a Buy recommendation on Palantir, pointing to possible gains from the Golden Dome Missile Shield initiative, which the Wall Street Journal indicated could require $185 billion during just its initial implementation phase.
Palantir has additionally broadened its strategic alliance with Bain & Company and joined forces with Moder to develop an artificial intelligence-enabled mortgage operations system, with Freedom Mortgage serving as the inaugural pilot partner.
