📅 2 days ago Analyzed on Jan 16, 2026

PLTR

Palantir Technologies Inc. Class A
2026-01-16 08:15 PM
-3.76%
Palantir extends multi-day decline as Cathie Wood trims stake despite bullish analyst coverage
Ark Invest sold shares of PLTR this month, continuing Cathie Wood's pattern of trimming her Palantir position. This comes despite positive analyst sentiment, including Truist initiating coverage with a Buy rating and $223 price target, and multiple Wall Street firms raising earnings estimates.

Analysis

This marks the fourth consecutive down day for PLTR, extending a pattern of weakness that began mid-week. The disconnect between bullish analyst coverage and selling by a high-profile investor like Cathie Wood may be creating uncertainty. Volume at 1.2x normal suggests moderate conviction behind the selling, though not panic-level institutional exits. The stock is notably underperforming both the flat sector and slightly positive S&P 500 today.

Date: 2026-01-16
Price: $170.35
Type: Stock Specific
Confidence: medium

This is a permanent link to this specific analysis (ID: 2449)

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