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"AI superstar stock" Palantir (PLTR.US) surges unsustainable? Jefferies warns: executives cash out, only target price of $28

Market IntelWednesday, Nov 20, 2024 2:10 am ET

1min read

JEF -- PLTR --

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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DrixGod

11/20

$PLTR is overvalued with the CEO offloading shares, making it too expensive too quickly. Every pullback creates gaps to fill, but we're here to stay. MORNING, BULLS! Rise and shine!

Ogulcan0815

11/20

$PLTR 🚀

Versace__01

11/20

$PLTR $240 in a year? NEXT SUMMER LATEST!!! 🐎🐎💨 #PLTR #nextsummer #latestnews

Michael Roberts

11/20

250% rise feels bubbly, don't it? 😅

skilliard7

11/20

Not touching PLTR till the dip, feels risky

iyankov96

11/20

AI is gold, but PLTR might be overhyped.

Just_Fox_5450

11/20

Selling execs always raise red flags to me.

DisabledScientist

11/20

Jefferies is all about caution, but who says AI isn't the future?

confused-student1028

11/20

250% surge? That's some next-level rocket fuel. 🚀

Tech Novice

11/20

Jefferies calling it wrong might bite them hard.

Erica Stone

11/20

Jefferies sees smoke, I see fire. 🚨 250% up? That's a rocket. But cashing out execs? Not a good signal. I'm holding for now, but keeping tight stop losses. Risk management is key.

Zhukov-74

11/20

I'll hold a bit, diversify my tech play

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

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