Palantir stock price climbed 1.2% to around $133.02 on February 18, right after the company confirmed it had packed up and left Colorado for good. The move to Palantir Miami was announced via a single post on X — no press release, no warning to state officials, and nothing in the way of an explanation. Palantir stock price had already been under pressure for weeks at that point, sitting roughly 36% below its November 2025 peak of $207.52, so the relocation gave investors something fresh to react to. Trading volume came in at around 47.7 million shares, also a bit below the average session. For anyone tracking the Palantir stock price day to day, the 1.2% gain was a rare bit of green in an otherwise choppy stretch.

The Palantir Denver chapter was not exactly a quiet one. Protests had been building outside the company’s Cherry Creek headquarters for months — first over its ties to the Israeli military and then, more recently, over AI tools built for U.S. Immigration and Customs Enforcement. Florida’s lack of a state income tax, compared to Colorado’s 4.4%, was also a real factor. Peter Thiel, one of Palantir’s co-founders, had already opened a Thiel Capital office in Miami’s Wynwood neighborhood by the end of 2025, so the Palantir Miami office move did not exactly come out of nowhere.

Also Read: Asteroid Hitting Earth NASA Warning: Could Insurance Stocks Rally Soon?

Palantir Stock Price Surge, Miami Office Move, Earnings And Forecast Outlook

What Pushed Palantir Out Of Denver

The announcement itself was a single line on X — “We have moved our headquarters to Miami, Florida” — and it caught Colorado’s governor and the city of Denver completely off guard. No details were given about how many employees would be relocated, or what, if anything, would remain in Colorado.

Shon Manasco, a Palantir executive, stated at the Defense Tech Leadership Summit in West Palm Beach:

“We’re very excited as a company and anxious to be a part of the community here.”

Former Miami Mayor Francis Suarez posted on X:

“This is the tipping point!!!! What a watershed moment for Miami.”

Colorado Governor Jared Polis stated at a press conference:

“I don’t know what the announcement means. Obviously, what I will be looking to is whether it will affect any jobs in Colorado.”

Miami Dade College President Madeline Pumariega replied to the company’s social media post:

“Welcome to Miami, the gateway to the Americas!”

Earnings Beat And The Palantir Stock Forecast

The Palantir earnings report for Q4 was also a factor keeping the Palantir stock price afloat right now. EPS came in at $0.25, beating the $0.23 consensus estimate, and revenue hit $1.41 billion — up 70% year-over-year. A strong Palantir earnings report, one that pushed the 2026 revenue target to roughly $7.2 billion, raises the bar for what the company needs to deliver going forward. CEO Alex Karp wrote to shareholders:

“Such a massive acceleration in growth, for a company of this scale and size, is a remarkable achievement — a cosmic reward of sorts to those who were interested in advancing our admittedly idiosyncratic project and embraced, or at least did not wholly reject, our mode of working.”

PLTR Valuation Concerns Are Hard To Ignore

The Palantir stock forecast, though, is being pulled in two directions. On one side, there is genuine AI-driven revenue momentum and a clean earnings beat. On the other, PLTR valuation concerns that are very hard to dismiss — a P/E ratio of around 211, over $1 billion in insider selling recently, and a public bearish thesis from Michael Burry pointing to a sub-$50 fair value. The Palantir stock price, at the time of writing, has its 200-day moving average sitting at $172.43 — well above current levels.

Also Read: Intel (INTC): Will Stock Recover From 7% Dropoff This Week?

William Blair upgraded Palantir to “outperform” and Goldman Sachs trimmed its target to $182, pulling the Palantir stock price in opposite directions right now. PLTR valuation concerns, and also the question of what the Palantir Miami office actually means for the company’s long-term direction, are what the Palantir stock forecast hinges on right now. The Palantir Denver departure closed one chapter, but how the Palantir stock price performs from here remains very much open.