PLTR: Palantir Stock Plunges Nearly 20% in Worst Month Since 2023
Palantir 
PLTR endured its worst month in two years, falling about 20% in November as investors dumped AI-linked names on valuation worries.
The pullback came even after Palantir topped third-quarter earnings and posted a second consecutive $1 billion revenue quarter, signaling solid sales but fragile sentiment.
Famed investor Michael Burry (Trades, Portfolio) amplified pressure by placing bets against Palantir and Nvidia (NVDA), a move that added to debate over stretched AI multiples.
CEO Alex Karp pushed back publicly, making media appearances and letters to shareholders to defend the company's strategy and growth trajectory.
Palantir also notched commercial wins, including a multiyear collaboration with PwC UK and a contract with aircraft engine services firm FTAI, but those deals did little to calm valuation concerns.
Is PLTR Stock a Buy?
Based on the one year price targets offered by 22 analysts, the average target price for Palantir Technologies Inc is $185.80 with a high estimate of $255.00 and a low estimate of $50.00. The average target implies a upside of +10.69% from the current price of $167.85.