"AI superstar stock" Palantir (PLTR.US) surges unsustainable? Jefferies warns: executives cash out, only target price of $28
Generated by AI AgentMarket Intel
Wednesday, Nov 20, 2024 2:10 am ET1min read
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Zhitong Finance learned that Palantir (PLTR.US) has performed very well in 2024, with a share price rise of over 250% to date, as the company has found growth momentum through its artificial intelligence products. However, the analyst at Jefferies pointed out that this multiple expansion seems unsustainable. They cited the recent stock sale by Palantir's CEO. Jefferies gave Palantir a "Underperform" rating and a target price of only $28.
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