Why Wall Street Is Bearish Palantir Stock thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
January 25, 2021
Editor’s Note: This article was updated on Jan. 25, 2021, to correct the Citi price target.
With Joe Biden now the 46th U.S. President, what’s next for
Palantir (NYSE:
PLTR) stock? Shares went parabolic after the U.S. elections, as investors bet big that a Biden administration would be a boon for this big data company with deep government ties. But, does this perception that the Biden years will be salad years for PLTR stock match up with reality?
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Yes, it’s well established that the new administration will make changes that bode well for Palantir. But, this potential tailwind may be more than reflected in its epic move from around $10.50 per share in early November, to around $25 per share today. At today’s valuation, shares price in possibilities as near-certainties.