Overview
- Shares rose about 4% to $161.12 on Monday as falling yields boosted large‑cap tech, reversing part of November’s slide, according to Benzinga.
- The bounce follows a roughly 25% drop from early‑November highs after disclosures of Michael Burry’s sizable put position and insider sale filings exceeding $250 million.
- Palantir earlier posted a strong third quarter with adjusted earnings of $0.21 per share on $1.18 billion in revenue and raised guidance for the fourth quarter and fiscal 2025.
- Analysts lifted price targets after the earnings beat while keeping Buy or Neutral stances, citing momentum from the company’s AI platform initiatives.
- Valuation remains stretched, with articles citing triple‑digit price‑to‑sales and a P/E well into the hundreds, keeping debate focused on AIP‑driven growth versus bubble risk.