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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLTR: