Palantir downgraded to Underperform from Hold at Jefferies
The Fly

Palantir downgraded to Underperform from Hold at Jefferies

Jefferies analyst Brent Thill downgraded Palantir (PLTR) to Underperform from Hold with an unchanged price target of $28. The firm says that trading at 38-times estimated 2025 revenue makes Palantir the most expensive software name while insider selling has picked up on 10b5-1 plans. The company’s fundamentals “are alive,” but it would have to accelerate growth to 40% for four years straight and trade at 12-times estimated 2028 revenue “just to hold its stock price, which seems unlikely,” the analyst tells investors in a research note. As such, Jefferies downgrades Palantir to Underperform on the “unsustainable valuation” and awaits a better entry point.

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