15 AI News Making Waves Right Now

5. Palantir Technologies Inc. (NYSE:PLTR)

Market Capitalization: $139.43 billion

Palantir Technologies Inc. (NYSE:PLTR) provides data-driven solutions with its AI Platform (AIP) for testing, debugging code, and evaluating AI scenarios.

On November 18, investor Hataf Capital gave Palantir Technologies Inc. (NYSE:PLTR) a “Sell” rating, warning investors that the current valuation assumes flawless future execution. With a high forward P/E ratio of 158x and an EV/Sales multiple of 46x, he claims that the stock is overpriced and points to market euphoria. The heavy retail presence is also a point of concern, leading to higher volatility and sell-offs in case sentiment shifts. Previously, Monness analyst Brian White also reiterated a Sell rating on the stock with a price target of $18. The analyst contends that Palantir is well positioned to benefit from AI but the stock’s valuation is lofty, revenue recognition from government-related contracts has been uneven, and execution has been “spotty.”