Why Palantir Stock Plummeted This Week
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Palantir's stock (PLTR) dropped 9.5% this week, contrasting with the S&P 500's 0.4% gain. The decline followed a short report from Citron Research, which compared Palantir's high price-to-sales (P/S) ratio of 115 to OpenAI's 17 after its recent funding. Citron argues that Palantir's valuation is irrational given OpenAI's rapid growth, suggesting that if Palantir traded at OpenAI's multiple, its share price would be $40. The report advises avoiding Palantir due to its excessive valuation.
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