Palantir Stock Slump and Wall Street Analysis

Palantir Technologies stock experienced a two-day 15% slump, causing concern among investors. The stock rose 0.5% on Friday, but questions remain about the potential for prolonged weakness. CEO Alex Karp's plan to sell up to $1.2 billion worth of shares and reports of budget cuts by the Trump administration have spooked investors. Wall Street analysts have an average price target of $95.28, implying further downside. The stock is trading at 190 times future earnings and has seen significant growth since 2022. William Blair analysts have an Underperform rating and highlight the risk of revenue deceleration. Barron's has suggested selling the stock due to the rally and high valuation.