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Chris Perruna, senior vice president at Self-employed, observes that Palantir's share price at $130.21 could become interesting if it recovers its 200-day moving average.
He points out that the 200-day moving average has acted as resistance so far in 2026. Perruna states he is a former holder of the stock and currently holds no position.
Perruna has previously highlighted valuation risks in other technology stocks. In March, he noted that MU was trading 176% above its 200-day moving average, pointing out the potential for a pullback toward the trend line. Earlier, he compared NVDA’s forward PE ratio of 24.57 to CSCO’s above 196 in 2000, emphasizing the difference in earnings and valuation metrics.