公牛vs熊：ARK Invest削减股份，Palantir股票是否为抛售？

Palantir Technologies (NASDAQ:PLTR), one of the best-performing tech stocks in 2024, fell roughly 13% over the past week, underperforming the NASDAQ Composite Index (COMP: IND), amid a ~$15M stake sale from ARK Invest.

After a series of similar sales over the past two months, does Cathie Wood-led investment firm’s latest decision to offload roughly 196.7K shares in Palantir (NASDAQ:PLTR) indicate a bearish outlook for the Denver, Colorado-based data analytics platform?

The Bulls

“Palantir's strong government and military contracts, particularly with the U.S. Army and AI initiatives, highlight its competitive advantages and growth prospects,” argued SA analyst Tangerine Tan Capital in “Palantir Stock: Remains Attractive For Those Looking To Invest For The Long Term.” “The biggest risk is share dilution; however, PLTR's unique position and exceptional AI capabilities make it a compelling long-term investment.”

“Despite a high forward P/E ratio, Palantir's exceptional EPS growth justifies its valuation, with potential for additional upside,” added SA analyst Noah's Arc Capital Management in “Palantir: Winning The Race To AGI.” “I think Palantir should be trading at an 800% premium to the sector median price-to-earnings ratio due to their 1125.08% projected premium to the sector median YoY EPS growth.”

The Bears

“Palantir's valuation is unsustainable, trading at extreme multiples, with a P/S ratio of 64.7x and forward P/E of 203x, far exceeding sector medians,” argued SA analyst Hataf Capital in “Palantir: Losing Momentum - Why 2025 Could Mark A Significant Downturn.” “Decelerating growth, massive insider selling, and extreme valuation metrics suggest a significant correction in 2025; I downgrade Palantir to Strong Sell.”

“Investors should be cautious as PLTR's valuation resembles overhyped COVID-era stocks,” added SA analyst The Software Side of Life in “Palantir: Applaud The Fundamentals, But Short Valuation.”  “If the company were to guide 2025 revenue guidance similar to current estimates, the stock could potentially pull back significantly, as the valuation inherently implies upside to numbers.”

“Unfortunately, valuation analysis suggests that market participants have already fully priced in the potential of PLTR,” wrote SA analyst Selendis Research in “Palantir: Market Participants Have Already Fully Priced The Potential Of AI.” “Investors should avoid buying at the current price; those who already have positions should consider reducing.”

“If one ignores the valuation, there is indeed a lot to like about the stock. The company is GAAP profitable, has a net cash balance sheet, and revenue growth is accelerating,” opined SA Investing Group Leader Julian Lin in “Palantir: This Is Even Worse Than The 2021 Bubble.” “The stock's current valuation offers a nearly asymmetric return profile to the downside, warranting a “strong sell” rating,”