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Palantir (NASDAQ: PLTR) saw its stock plummet 12% on February 19, following reports that CEO Alex Karp had adopted a new stock trading plan, allowing him to sell nearly 10 million shares over the next six months.  The decline was further compounded by reports that the Pentagon has been ordered to prepare for an 8% annual reduction in the U.S. defense budget for the next five years, posing a significant challenge for the company, which relies heavily on government contracts. Palantir one-day stock price chart. Source: Google Finance The sell-off erased a portion of the company’s impressive 2025 rally, which had seen shares climb nearly 50% year-to-date. Palantir, which had been one of the best-performing U.S. stocks over the past two years, closed February 19 at $112.06 per share, down 10% on the day. Palantir’s slide didn’t stop there—the stock extended losses in premarket trading, dropping another 2.36% to trade at $109.41. The decline comes not long after Palantir’s strong Q4 2024 results, which saw the company generate $828 million in revenue and report adjusted earnings of $0.14 per share. Analyst sets Palantir stock price target Although Palantir has enjoyed strong revenue growth and high-profile partnerships, its lofty valuation remains a persistent concern, with Wall Street analysts generally pricing in downside risk, setting an average price target well below current levels. To put valuation concerns into perspective—even with the double-digit price pullback, Palantir still trades at 202 times this year’s expected earnings and 69 times this year’s expected sales, according to data retrieved from StockAnalysis. However, not all analysts share the bearish outlook. Loop Capital has initiated coverage with a ‘Buy’ rating, with analyst Rob Sanderson setting a $141 price target, citing the company’s foothold in artificial intelligence (AI) and generative AI (GenAI) sectors, which represent massive market opportunities. Notably,…

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Filed under: News - @ February 20, 2025 1:19 pm