Palantir (NYSE:PLTR) disclosed a stake of 6.5% in MSP Recovery (NASDAQ:LIFW) in a regulatory filing. LIFW soared by more than 30% in trading following the news. PLTR currently holds 955,647 shares of LIFW.
MSP Recovery is a data analytics company that specializes in reimbursement recovery for Medicare and Medicaid payers. The company was founded in 2014 and currently has a market cap of $118.8 million.
What is the Prediction for PLTR Stock?
Analysts remain bearish about PLTR stock with a Moderate Sell consensus rating based on two Buys, five Holds, and six Sells. Over the past year, PLTR stock has surged by more than 100%, and the average PLTR price target of $19.67 implies a downside potential of 11.1% at current levels. This suggests that PLTR is overvalued at current levels.
