March 5 - Jefferies has reiterated its valuation concerns over Palantir (PLTR, Financial) stock, with equity researcher Brent Thill maintaining an Underperform rating. Thill set a $60 price target, implying about 31% downside from current levels.
Thill's note also emphasized persistent insider selling, with CEO Alex Karp offloading roughly $45 million in shares over the past six months. This sale represents nearly 21% of his stake and raises further concerns about leadership confidence.
Palantir's valuation has collapsed from its all time high of around 61 times CY 2026 revenue down to about 39 times, but remains very high relative to its competitive set. With the compression, the current multiple is almost twice the next highest software firm and Thill notes this may still be happening.
Meanwhile, most Wall Street analysts have not revised their forecasts, though William Blair shifted its outlook from Underperform to Market Perform on March 5. The upgrade anticipates range-bound trading until broader market improvements emerge.
Investors continue to monitor these developments closely as market sentiment remains cautious.
This article first appeared on GuruFocus.免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。