Insiders and Institutional Investors Remain Skeptical of Palantir Technologies (PLTR) Stock
Insider Skepticism Surrounding Palantir Technologies
Palantir Technologies (NYSE: PLTR) has made waves in 2024, but insiders and institutional investors are showing caution. Following the company's announcement to join the S&P 500 index, analysts are still concerned about its high valuation.
Performance Review and Analyst Opinions
The stock is up 120.87% year-to-date, but Wall Street’s outlook is mixed. Insiders, including CEO Alexander Karp, initiated significant sell-offs, reflecting potential worries about the stock's trajectory.
- The average 12-month price target stands at $27.08, indicating potential dips.
- Bearish analysts fear a possible drop to $9 per share.
- Contrarian views suggest opportunities for profit, despite widespread skepticism.
Institutional Investor Concerns
Insiders have historically highlighted their reservations about Palantir's plans and pricing strategies. Even optimistic projections of $50 per share appear distant when weighed against overall bearish sentiment.
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