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Barchart
Sushree Mohanty

Up 340% in 2024, Why Are Analysts So Bearish on Palantir Stock?

Palantir Dan Ives Alex Karp PLTR

Palantir (PLTR) is a data analytics and artificial intelligence (AI) company that focuses on software solutions for government and commercial clients. Palantir stock had a great run in 2024, rising by 340%, wildly outperforming the overall market gain of 24%. The company’s addition to the S&P 500 Index ($SPX) and the Nasdaq-100 ($IUXX) last year fueled the rally even further. 

Palantir continues to be a key player in AI-driven data analytics with outstanding financials.  However, a few red flags, such as its high valuation and insider stock sales, have made analysts skeptical. So far this year, PLTR has gained 4.1% but is down nearly 40% from its 52-week high. 

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