$Palantir Technologies Inc.(PLTR)$  

I personally do not like PLTR and feel that the run is way overdone. Call me your grapes if you want but that's just my opinion,  so do your own due diligence. Heard enough of the "but PLTR has more room to run, TA suggest otherwise" narrative. 

Oh please. 

If all stocks follow textbook TA, we'll all be crazy rich. Like it or not, Market Sentiments will screw your portfolios up big time; against your will and against all your textbook TAs, Fibs, ikomuchi clouds and crazy lines. Always do your own due diligence and don't follow the crowd. If it's time to take profits, please do so. 

Profits isn't profits till its taken off the table.

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BACKGROUND

Citron Research, the short-selling firm founded by Andrew Left, has publicly announced a short position on Palantir Technologies (PLTR). This is not the first time Citron has targeted Palantir. They previously shorted the stock in late 2020.

CITRON'S ARGUMENT

🐻 ​Extreme Overvaluation

Left argues that Palantir's stock is "far beyond overvalued" and that its current valuation is "absurd." He points to the company's forward price-to-earnings (P/E) ratio, which he says exceeds 200x, as evidence that the stock has detached from its fundamentals.

​🐻 Valuation Target

Citron believes the stock's fair value is somewhere in the $40 to $50 range, which would represent a more than 70% decline from its recent trading levels.

🐻 ​Disagreement with "Big Data"

Left's key point is that a "big data company" like Palantir is asking investors to ignore "big data" themselves—specifically, valuation metrics. He argues that even if Palantir were the "greatest company in history," its current price is still too high.

🐻 ​Competition

Citron also mentioned competition, specifically from companies like Databricks, as a reason for their short position.

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WHAT THIS MEANS FOR INVESTORS?

​Citron's View vs. the Market's View

Citron's report is a reminder that a company's valuation is a matter of intense debate. While many investors are focused on Palantir's growth and its potential in the AI space, Citron is focused on its current financials and valuation metrics.

​Potential for Volatility

A high-profile short report can create significant volatility. Palantir's stock did experience a decline after the report, but the long-term impact is yet to be seen.

​Do Your Own Research

The case of Citron vs. Palantir highlights the importance of not relying on a single source or opinion. Before making any investment decision, it's crucial to understand both the bullish and bearish arguments, analyze the company's fundamentals, and assess your own risk tolerance.

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