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Over the last few years, we’ve written a number of articles on Palantir (NASDAQ:PLTR), one of the most popular stocks on the market today.
Our first article came out in November 2023, where we called the
3 Reasons We're Doubling Down On Our 'Short Palantir' Call
Summary
- Palantir's stock has soared due to the firm's leading AI product suite and explosive revenue growth.
- Despite initial bullishness, we've shifted to a 'strong sell' rating as the valuation has become dangerously speculative, exceeding 100x sales.
- Slowing margin growth and continuing dilution are also significant headwinds management will struggle to overcome.
- We're bearish, and think a 'short' position could generate solid returns over the next year-plus.
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Analyst’s Disclosure:I/we have a beneficial short position in the shares of PLTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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