Palantir, PLTR and Citron
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Palantir stock remains super expensive despite a more-than-20% decline in recent sessions. But Citi analyst Tyler Radke believes PLTR shares have a very durable moat.
Short-seller Citron targets PLTR again, using a Databricks comparison to argue the stock is overvalued after its report sent shares falling.
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Zacks Investment Research on MSNPalantir Technologies (PLTR) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
The price trend for Palantir Technologies Inc. (PLTR) has been bearish lately and the stock has lost 15.4% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon,
Palantir Technologies (NASDAQ:PLTR) has shed $73 billion in market value over a six-session slide, offering a rare boost to short sellers who’ve struggled against one of Wall Street’s top performers this year.
As Palantir drops 15%, tech bull Dan Ives calls the selloff a healthy buying opportunity and sees massive long-term upside for the AI leader.
Palantir shares tumbled Tuesday afternoon, extending recent losses as a high-profile short seller fueled worries the stock could be overvalued after a strong run earlier this year.
Palantir stands out with its scalable AI impact, unique Ontology platform, and defensible moat. Read why I think PLTR stock is a buy-on-pullback opportunity.
Citron Research says Palantir stock at $40 per share would still be an expensive AI stock to own. Wall Street recommends caution on PLTR shares as well.
In recent days, Palantir's stock has been showing signs of slowing down. After hitting a new all-time high of $190 on Aug. 12, it has proceeded to trade lower. By Monday, the AI stock would close at just over $174 -- down 8% from its recent high.
Key Takeaways Palantir shares slid Wednesday to log their sixth straight day of declines, after a short seller raised concerns about the stock's elevated valuation.Yesterday’s move lower coincided with the relative strength index falling into bearish territory,