Palantir (PLTR) Worth Less Than $50, Michael Burry Bets Against it
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMichael Burry of Scion Capital claims Palantir Technologies (PLTR) is worth less than $50 per share, significantly below the analyst consensus price target of $191.29. This represents a potential drop of over 60% from its current price. Burry, who holds June 2027 and December 2026 put options, is betting that PLTR shares will fall below $100 by December and under $50 by June 2024. His comments follow a recent stock price decline of 18% over three days, despite a temporary rally after public praise from former President Trump.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Palantir Technologies Inc. (PLTR)
Palantir Technologies makes data-analytics and AI software for governments and enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier PLTR news
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- Palantir (PLTR) Review: Analyst Insights Amid Iran Ceasefire
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