PLTR has declined approximately 9% today, extending a five-day losing streak, now about 12–14% below its August 12 all-time high near $190.  
• It remains the worst-performing S&P 500 stock today, amid a broader tech sell-off. 
B. Valuation Concerns & Bearish Views
• Short-seller Andrew Left (Citron Research) labels PLTR “detached from fundamentals,” suggesting a fair value closer to ~$40 based on OpenAI-like revenue multiples. 
• Price-to-earnings ratio ranges from 214× to 290× forward earnings, with price-to-sales around 80×—far above peers and S&P average (~22×).    
• Analysts are divided: visible-alpha survey shows only 2 of 8 analysts under coverage recommend buying, others hold; FactSet sees mixed recommendations (some buy, some sell, many hold), with target prices from $45 to $210.
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