Palantir will sink roughly 33% in two months as reality catches up with its massive rally, Citron Research said Friday. The short-selling firm established a year-end price target of $20 for Palantir shares in a tweet. The data-mining firm's shares are up more than 300% after their September 30 direct listing. Citron's target is still double Palantir's debut price, but the firm said its two-month rally is unsustainable for the stock.
'No longer a stock but a full casino': Palantir will lose one-third of its value by year-end after surging more than 300% since going public, says short-seller Citron Research