PLTR - Palantir: The Price Makes No Sense
2024-07-23 05:40:12 ET
Summary
- Palantir is again trading at irrational levels and the upside to its shares, in our opinion, is non-existent.
- Even the boost in sales from Palantir’s generative AI platform can’t justify the price of the company’s stock.
- Today, we reiterate our strong sell recommendation for Palantir’s shares, since we believe that the downside is significant.
Back in 2021, we published several bearish articles on Palantir ( PLTR ) where we explained that the company is severely overvalued and despite having some growth catalysts, its stock was a strong sell. In 2022, our bearish thesis played out well as Palantir’s share price has halved in more than half since its 2021 highs as a result of the exuberant valuation in a time when macro conditions significantly worsened....
Palantir: The Price Makes No Sense