Overview
- Shares fell for a fifth session and were recently at $169.91, roughly 7.6% below the 50-day average and testing support near $164.50, after a roughly 10% five-day drop.
- Michael Burry said he still holds put options on Palantir after Scion Asset Management disclosed a bearish position earlier this month.
- The company beat Q3 estimates with adjusted EPS of $0.21 on $1.18 billion in revenue and raised guidance, projecting Q4 revenue of $1.32–$1.33 billion and FY 2025 revenue of $4.39–$4.40 billion.
- Post-earnings, several firms increased price targets, including BofA to $255 (Buy), Piper Sandler to $225 (Overweight), and Mizuho and UBS to $205 (Neutral), while Cantor moved to $198 (Neutral).
- Analyst stances remain mixed and valuation is elevated, with insider selling reported in recent months and only 4 of 25 covering analysts recommending the stock at current levels.