Bears criticized Palantir’s valuation for months as shares climbed higher. Is Wall Street paying more attention to the multiple now?

ARKF ETF has sold $15 million worth of shares of Palantir stock, may have caused a bit of a sell-off. See why I maintain a long-term buy rating on PLTR shares.

FEATURE Palantir Technologies stock fell for a third straight day after Cathie Wood’s ARK Investment Management unloaded more shares of the software company. Palantir had an undeniably good 2024, skyrocketing 340% as enthusiasm for the company’s artificial intelligence platform and highly publicized government contracts drove the stock price higher.

Shares of data-analytics firm Palantir Technologies now have an Underweight rating from Morgan Stanley analyst Sanjit Singh, and a $60 target price.

Palantir (NASDAQ:PLTR) shares slipped 5% by noon trading on Tuesday after Cathie Wood's ARK Invest ETFs sold off $15M in shares. According to a post on X by Ark Invest Daily, the investment management firm unloaded 196,