Bank of America Says Palantir Hits $255. I Picked My Exit at $250 in April

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The analysis focuses on Palantir (PLTR), presenting multiple price targets from different entities. Bank of America has a buy rating with a target of $255. The average analyst target is $196, with 32 analysts covering the stock, 21 of whom recommend a buy. Jefferies has an underweight rating with a target of $80, indicating a bearish outlook for the stock from its current price of $175. The analyst's call to sell at $250 implies a target of $250. The speaker's personal exit strategy was at $250 in April, with a subsequent sale of half their position at $250. The speaker's current position is based on buying at $20 and $120, and adding at $175, with an overall strategy to buy when hated and sell when loved. The analysis highlights the stock's high valuation based on price-to-sales (68x) and price-to-earnings (160x) ratios compared to peers and the market. Despite strong revenue growth of 93%, Palantir's stock performance year-to-date (-2%) has underperformed the S&P 500 (+11%). Insider selling from the CEO and CTO, totaling $86 million and $290 million respectively, is noted as a bearish signal. However, the speaker's personal long-term conviction is based on the company's strong business model and AI capabilities, leading to a target of $255.

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