"AI superstar stock" Palantir (PLTR.US) surges unsustainable? Jefferies warns: executives cash out, only target price of $28
Wednesday, Nov 20, 2024 2:10 am ET
1min read 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.
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.