Michael Burry Forecasts 58% Palantir Collapse, Targets $60 In Ominous Head & Shoulders Chart Reveal

Benzinga02-10 15:11

In a post on X on Feb. 10, Burry shared a technical analysis of Palantir's stock price history, identifying a classic “Head & Shoulders” reversal pattern. The chart—captioned with the ominous note, "I...

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US Aggressive Growth A Acc USD","LU0823414478.USD":"法巴经典能源转换基金","PLTU":"2倍做多PLTR ETF-Direxion","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","BK4547":"WSB热门概念","PLTW":"PLTR周配息ETF-Roundhill","BK4613":"AI应用软件","PLTY":"PLTR期权收益策略ETF-YieldMax","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","PLTZ":"2倍做空PLTR ETF-Defiance","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4588":"碎股","PLOO":"2倍上限加速PLTR ETF-Leverage Shares","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","PLT":"Defiance Leveraged Long Plus Income PLTR ETF","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","PLTA":"ProShares Ultra PLTR ETF","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","PLYY":"GraniteShares YieldBOOST PLTR ETF","PLTD":"1倍做空PLTR ETF-Direxion","BK4023":"应用软件","PLTR":"Palantir Technologies Inc.","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","PTIR":"2倍做多PLTR ETF-GraniteShares","BK4161":"工业机械","PLTG":"2倍做多PLTR ETF-Leverage Shares","BK4543":"AI","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD"},"translate_title":"Michael Burry预测Palantir将暴跌58%，不祥的头肩顶图显示目标价为60美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLOO":0.6,"PLTR":1.98,"PLTD":0.6,"PLTA":0.6,"PLT":0.6,"PLTU":0.6,"PLTG":0.6,"PLTW":0.6,"PLYY":0.6,"PLTY":0.6,"PTIR":0.6,"PLTZ":0.6},"content_text":"In a post on X on Feb. 10, Burry shared a technical analysis of Palantir's stock price history, identifying a classic “Head & Shoulders” reversal pattern.\nThe chart—captioned with the ominous note, \"I am working on something $PLTR\"—marks a definitive “Left Shoulder,” “Head,” and “Right Shoulder” formation.\nBurry's analysis points to a “Next Support” level near $80 and an ultimate “Landing Area” between $50 and $60.\nWith the stock trading at $142.91 apiece, as of Monday, a drop to the $60 mark would represent a staggering 58% downside.\nThis technical outlook aligns with Burry’s existing fundamental skepticism; last November, he clarified a massive options bet against the company, stating, \"So, I bought 50,000 of these things for $1.84… Each of those doodads let me sell $PLTR at $50 in 2027.\"\nWhile Palantir CEO Alex Karp has previously dismissed Burry's short positions as \"BatS—t Crazy,\" the investor remains steadfast. \nBurry's latest chart suggests that the “AI bubble” he has frequently warned about is finally losing its structural integrity, regardless of the company’s recent earnings performance.\nPLTR maintains a weaker price trend over the short, medium, and long terms, with a very poor value ranking, as per Benzinga's Edge Stock Rankings.\nShares of PLTR have declined by 19.60% year-to-date, while the Nasdaq 100 was up 0.25% in the same period. It was also down 23.56% over the last six months but up 28.92% over the year.\nOn Monday, the stock closed 5.16% higher at $142.91 per share, and it was up 1.02% in after-hours.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610191956","isCrawlerRequest":true}