Insiders and Institutional Investors Remain Skeptical of Palantir Technologies (PLTR) Stock

Wednesday, 25 September 2024, 12:09

Bearish sentiment is growing among insiders and institutional investors regarding Palantir Technologies (PLTR) stock. As PLTR experiences a remarkable year-to-date performance, skepticism persists due to high valuations and uncertain long-term prospects. Key technical indicators and insider sell-offs add to the caution surrounding Palantir's future.
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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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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