Palantir Compared to Databricks: Citron Research Says PLTR is Overvalued at $40

Citron Research, led by short-seller Andrew Left, has intensified its campaign against Palantir Technologies, comparing it to private competitor Databricks. According to Citron, Databricks has a higher valuation, growth projections, customer count, net revenue retention, and year-over-year revenue growth. Citron argues that Palantir is overvalued and should be priced at $40 per share, based on a 17x multiple of its projected 2026 revenue.