Citron Research short Palantir (PLTR) with a $20 price target
Citron Research said it is short Palantir (NYSE: PLTR) with a $20 price target. They said PLTR is "no longer a stock but a full casino." They see shares hitting $20 before the end of the year, with shares currently over $30.
After a lackluster IPO debut, shares of PLTR have been on fire in November, rising 206% over the course of the month.
What a run the past month for all. But as traders looking for short exposure, $PLTR is no longer a stock but a full casino. Does not take a ball of crystal to know this will fall back to Arda. Shorting with a $20 2020 target— Citron Research (@CitronResearch) November 27, 2020