Three Reasons Why Jeffries Told Investors to Stay Away from Palantir – Yahoo Finance
ast few months, while the share price continues to rise. CEO Alex Karp has sold about 40 million shares in the past three months, totaling over $1.9 billion. This includes selling 18 million shares worth over $1 billion in the past 14 days alone. Karp has lost around 20% of his overall stake in the company, but he still has authorization to sell an additional ~9 million shares until May 2025. Analyst Thill believes this continuous selling could put further pressure on the stock.
Additionally, after Palantir was included in the S&P 500, retail ownership decreased by 7 points to 42%, while index ownership increased by 4 points to 25%, and institutional ownership increased by 3 points to 27%. If more institutional investors continue to buy the stock, it could lead to a more stable and less volatile price. However, retail traders may not favor less volatile prices, which could potentially result in lower stock prices in the future.
While Thill suggests a price target of $28 per share, 16 analysts have given Palantir one-year price targets with an average of $38.88, a high estimate of $75.00, and a low estimate of $11.00. The average target implies a downside of -39.58% from the current price of $64.35. By understanding these factors, investors can make more informed decisions. Delve deeper into Palantir’s performance with charts and insights to stay ahead of the curve.
