From StockTwits: 2025-01-06 06:20:10

Palantir stock saw a significant pullback in premarket trading after Morgan Stanley issued a bearish rating with a price target of $60, indicating a potential 25% downside. The stock surged 340% in 2024, making it the best-performing S&P 500 stock for the year. Analyst Sanjit Singh highlighted that the gain was mainly due to multiple expansion and not revenue growth. Despite positive factors like accelerating U.S. commercial business and government contracts, the stock is trading at a premium to peers. Retail sentiment on Stocktwits is bearish, with caution about buying near all-time highs and market valuation concerns.



Read more at StockTwits: Palantir Stock Dips After Analyst Hands Out Sell Recommendation Citing Pricier Valuation: Retail Concurs With Assessment