Despite recording strong third-quarter revenue, Palantir (NASDAQ: PLTR) experienced a significant dip in its stock price last week, dropping from $207.51 on November 3rd to $187.90 by November 5th. This decline followed a highly publicized bet against the company by well-known investor Michael Burry, amounting to nearly $1 billion. The move triggered widespread profit-taking amid growing concerns over the stock’s lofty valuation.
AI-Assisted Forecast: Palantir’s Price Outlook by November 30
Looking ahead, Finbold’s AI-powered prediction tool anticipates a potential recovery in Palantir’s stock price. Based on analysis from three advanced language models (GPT-4o, Claude Sonnet 4, and Gemini 2.5 Flash), the stock is projected to reach $198.61 by the end of November, reflecting a 5.79% increase from its current price of $187.74.
Interestingly, Claude Sonnet 4 issued the most optimistic forecast with a predicted price of $205.50 (+9.46%), while GPT-4o offered a relatively conservative estimate of $194.50 (+3.6%). Gemini 2.5 Flash suggested a mid-range target of $195.82 (+4.31%). By averaging these predictions, the AI provided a balanced outlook that aligns with market sentiment and technical analysis.
Technical Analysis: Key Levels to Watch
Technically, Palantir’s recent price drop brought it down to the 20-day exponential moving average (EMA) of $187.80, a critical support level throughout the year. If the stock falls below this point, it could next target the 50-day EMA at $178.46 or even the 100-day EMA near $164, signaling a potential trend reversal.
Conversely, a sustained rebound above the $198.61 prediction could see the stock return to its record highs, given its strong upward momentum. Retail investors have remained highly engaged, driving daily turnover rates averaging $302 million. The company’s robust growth, including nine consecutive quarters of revenue success, continues to attract bullish sentiment.
Understanding Palantir’s Valuation Challenges
One source of investor caution is Palantir’s valuation, which hovers at a staggering 250x forward earnings—compared to industry peers like Nvidia (NASDAQ: NVDA), which trades at around 33x. While these figures underscore Palantir’s premium positioning in the industry, they also signal potential hurdles if market conditions shift further.
Several Wall Street analysts remain supportive of the stock, with firms like Goldman Sachs and DA Davidson recently increasing their price targets, emphasizing its impressive revenue trajectory and strong market position.
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