The drop is likely due to large investors (e.g., Fidelity) taking profits, not because of bad news about Palantir itself. Traders might have shorted the stock yesterday, anticipating further selling pressure. Once the big sellers finish unloading their shares, stocks often rebound—so this could be a temporary dip. He emphasizes that traders try to predict big moves and react accordingly, but long-term investors might not need to panic.
The Wedbush analysts called Palantir one of their “top names
The Wedbush analysts called Palantir one of their “top names to own in 2025,” in a note to clients Thursday, adding they believe the company could become “the next Oracle or Salesforce” and reach a market cap in the trillions of dollars in the years to come. Their price target of $120 represents a nearly 13% premium to Thursday’s intraday price.
Loop Capital analysts were even more bullish on the stock, reportedly initiating coverage Wednesday with a $141 price target, calling it a “game-changing software stock.” They also advised clients to view a pullback in the stock’s price as a buying opportunity.
This week’s selloff dragged Palantir stock into correction territory, with shares down 14% from their record-high close Tuesday. Still, they’ve more than quadrupled in value over the past 12 months.
suspect unlikely! PLTR has had a very strong and broad retail base for years.
The Wedbush analysts called Palantir one of their “top names to own in 2025,” in a note to clients Thursday, adding they believe the company could become “the next Oracle or Salesforce” and reach a market cap in the trillions of dollars in the years to come. Their price target of $120 represents a nearly 13% premium to Thursday’s intraday price.
Loop Capital analysts were even more bullish on the stock, reportedly initiating coverage Wednesday with a $141 price target, calling it a “game-changing software stock.” They also advised clients to view a pullback in the stock’s price as a buying opportunity.
This week’s selloff dragged Palantir stock into correction territory, with shares down 14% from their record-high close Tuesday. Still, they’ve more than quadrupled in value over the past 12 months.