Why I Wouldn’t Dare Buy Palantir Stock’s Latest Bounce

2 hours ago 2

Joey Frenette

Mon, March 16, 2026 astatine 8:11 AM CDT 5 min read

  • Palantir (PLTR) has surged implicit 17% amid Middle East tensions, with CEO Alex Karp highlighting the company’s AI-powered defence exertion advantage, but the stock’s 240x trailing P/E and 86x price-to-sales multiples are considered excessive adjacent by maturation banal standards.

  • The caller rally appears to person priced successful imaginable authorities declaration wins from escalating geopolitical tensions, portion salient bears similar Michael Burry (fair worth $46) and Jefferies expert Brent Thill ($70 target) pass of the valuation.

  • A caller survey identified 1 azygous wont that doubled Americans’ status savings and moved status from dream, to reality. Read much here.

Shares of Palantir (NASDAQ:PLTR) are starting to look absorbing again, with shares bouncing backmost successful caller weeks amid the warfare successful Iran. Undoubtedly, it makes consciousness arsenic to wherefore 1 of the "secret weapons" of defence mightiness beryllium catching specified a abrupt bid higher. With Palantir's apical boss, Alex Karp, remarking connected the borderline that its exertion is providing to America amid the war, it surely feels similar shares are the go-to defence banal successful this caller property of AI.

Karp is wholly close astir the powerfulness down its technology, arsenic tensions emergence successful the Middle East. Still, I can't accidental I'm going to commencement rushing successful and buying the banal present aft rather a sizeable move. In my view, the much than 17% surge successful the banal already prices successful the Iran war, and specified a abrupt bounce seems to person made 1 of the market's priciest stocks that overmuch much expensive.

Whether Michael Burry is unsettled by the caller rebound successful shares of Palantir remains the large question. Either way, Burry sees Palantir banal arsenic having a just worth of $46.00, which could entail different steep 70% driblet from existent levels.

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Of course, predicting (and betting against) specified a clang comes with precocious stakes, particularly if things were to further escalate successful the war, oregon if it isn't truthful speedy to finish. In immoderate case, 1 happening Palantir banal has proven is that it's a perchance decent hedge erstwhile warfare drags the caller of the banal marketplace down.

While warfare worries could support the latest upswing going strong, I indispensable accidental that the valuation has maine connected pause, particularly aft seeing however debased that Burry terms people is.

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