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Palantir Stock Plummets Following Citron’s Valuation Critique Against OpenAI Benchmark
Palantir Stock Plummets Following Citron’s Valuation Critique Against OpenAI Benchmark
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BTCCSquare news:
Palantir Technologies Inc. (PLTR) shares tumbled over 9% after short-seller Citron Research declared the stock "absurdly" overvalued compared to AI leader OpenAI. The report applied OpenAI's $500 billion valuation—trading at 17x price-to-sales—to Palantir's projected 2026 revenue of $29.6 billion, implying a theoretical $40 share price versus its current $162.
Citron emphasized OpenAI's "unprecedented scale" as an insurmountable gap, suggesting Palantir lacks justification for its premium multiple. The critique arrives amid heated debates about AI stock valuations, though TipRanks' AI analyst maintains bullish sentiment on PLTR's standalone prospects.
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