1. The authors closed their short position in Palantir at a loss after the stock surged 40% since April; 2. They acknowledge being wrong on timing but maintain the company is fundamentally overvalued; 3. Palantir is rated a SELL due to minimal margin of safety and irrational market behavior.
Related Articles
- 5 Clear Signs Of A Market Bubbleabout 1 month ago
- Palantir Technologies: This Drop Is Only The Start Of What Is Deservedabout 2 months ago
- British American Tobacco: After A Double This Stock Is Fully Valued And Ripe For A Pullback (Rating Downgrade)2 months ago
- Retail Data Sends A Warning3 months ago
- Main Street Capital: Dividend At Risk And Overvaluation Amid Macroeconomic Headwinds (Rating Downgrade)3 months ago
- Celestica: Significantly Overvalued For A No-Moat Company4 months ago
- Palantir: Long Way Down10 months ago
- Palantir Q3 Preview: I Have Strong Expectations, But It's Time To Sell12 months ago
- QQQ: Extremely Overpriced (Rating Downgrade)about 1 year ago