Analyst Tyler Radke raises estimates despite Palantir’s 27% YTD decline and Michael Burry’s short position.
Citi analyst Tyler Radke increased Palantir’s price target to $200, citing early-stage enterprise adoption of its AIP platform. The move comes despite the stock’s 27% year-to-date decline and a high trailing P/E of 138x, which may already reflect expectations for a strong August earnings report.
Palantir faces pressure from growing competition in enterprise AI, threatening its market position. The stock remains under scrutiny as short-seller Michael Burry maintains a bearish stance, while broader AI sector volatility reshapes investor sentiment.
Shares of Palantir (NASDAQ:PLTR) have struggled amid a broader tech sell-off, though some analysts see potential for a rebound as AI application plays gain traction.