Michael Burry Targets Palantir (PLTR) with Anthropic Warning — Analyst Fires Back

TLDR

• Shares of Palantir declined 7.3% on Thursday following Michael Burry’s social media post suggesting Anthropic poses a major competitive threat
• The post was subsequently removed, though investor sentiment had already been impacted
• Daniel Ives from Wedbush countered with a Buy rating reaffirmation and $230 price objective, dismissing Burry’s assessment 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 position
• Consensus rating for PLTR stands at Moderate Buy with a mean price objective of $194.61 across Wall Street

Shares of Palantir experienced significant downward pressure on Thursday, sliding 7.3% following a social media warning from Michael Burry — the legendary investor immortalized in “The Big Short” — who claimed that Anthropic is “eating Palantir’s lunch.” The statement sent shockwaves through a market already anxious about competitive threats in the AI-powered enterprise software sector. Burry’s bearish stance on Palantir has been a recurring theme.

Palantir Technologies Inc., PLTR

Although Burry removed the post shortly after publishing it, the market reaction had already occurred.

The growth trajectory of Anthropic has been nothing short of remarkable. The artificial intelligence company saw its annual recurring revenue skyrocket from $9 billion at the beginning of 2026 to $30 billion — figures that generated considerable industry buzz.

Daniel Ives from Wedbush Securities offered a forceful rebuttal. He characterized Burry’s perspective as “wrong take and fictional narrative,” while reaffirming his Outperform rating alongside a $230 price objective for PLTR.

According to Ives, the expansion of Anthropic and Palantir’s momentum are not mutually exclusive. He referenced Palantir’s fourth quarter 2025 performance as supporting evidence — U.S. Commercial revenue surged 137% on a year-over-year basis, while U.S. Government revenue increased 66%.

Total revenue expansion reached 56% over the trailing twelve-month period. Gross profit margins remained robust at 82%, a metric InvestingPro highlighted as a significant competitive strength.

What Ives Says About Palantir’s Moat

Ives contended that Palantir’s genuine competitive advantage operates in a different sphere than Anthropic. The company’s defensive moat centers on data infrastructure and ontology capabilities — rather than large language model technology.

According to his assessment, Anthropic’s Claude doesn’t threaten this foundational advantage. Ives actually views enterprise AI adoption as accelerating thanks to the overall artificial intelligence movement, which benefits rather than harms Palantir.

Thursday’s selling pressure on PLTR extended beyond Burry’s commentary alone. Anthropic had also unveiled a new solution centered on multi-agent orchestration capabilities, which contributed to broader nervousness throughout the software industry.

Where Analysts Stand on PLTR

The Street’s overall rating on Palantir is Moderate Buy, derived from 14 Buy recommendations, 5 Hold ratings, and 2 Sell calls. The mean price objective stands at $194.61, suggesting approximately 49% potential appreciation from present trading levels.

PLTR currently changes hands near $130.47, valuing the enterprise at $312 billion in market capitalization. Year-to-date, the stock has retreated approximately 27%.

Rosenblatt maintains a Buy recommendation on Palantir as well, pointing to possible catalysts from the Golden Dome Missile Shield initiative, which according to Wall Street Journal reporting could require $185 billion in funding during just its initial phase.

The company has also deepened its strategic alliance with Bain & Company and established a collaboration with Moder to develop an AI-driven mortgage operations platform, with Freedom Mortgage serving as the inaugural pilot partner.

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