There were few better stocks to own in 2024 than Palantir ( PLTR 5.00%). It rose 341% in just a year, and 2025 hasn't been so bad, either. It has risen around 20% so far this year, but at the time of this writing, it is down 30% from its all-time high set just a few weeks ago.

Jefferies equity researcher Brent Thill doubled down on a previously set ‘Underperform rating’ for Palantir stock, and set a $60 price target.

Palantir Technologies shares moved higher in early Wednesday trading, but have fallen sharply over the past month, as analysts look to the impact of insider selling from top executives and planned government spending cuts on the data analytics group.