From The Motley Fool · Sean Williams · · 1m
AI Stocks Could Plunge 93% Per Wall Street Analysts
Wall Street analysts predict Palantir and Tesla stocks could drop 59% and 93% respectively.
In brief
Wall Street analysts predict Palantir and Tesla stocks could drop 59% and 93% respectively. Wall Street analysts warn Palantir and Tesla stocks may plunge up to 93% due to valuation concerns. Originally reported by The Motley Fool.
AI Stocks Plunge Risk
Wall Street analysts predict two AI stocks could plunge up to 93% based on price targets.
Palantir Technologies
Palantir's shares have risen over 2,300% since 2022 but face 59% downside from jefferies analyst.
“Palantir's claim to fame is its ai- and machine learning-powered gotham platform”
Palantir Valuation Concerns
Palantir's price-to-sales ratio of 82 faces pressure as growth slows and comparisons worsen.
Tesla's AI Role
Tesla uses ai for full self-driving software and optimus robots but faces skepticism from analysts.
Tesla's Downside Risk
Tesla's stock could drop 93% to $24.86 per share per glj research analyst gordon johnson.
Tesla Valuation Issues
Tesla trades at a 172x forward price-to-earnings multiple despite low-double-digit sales growth projections.
The key point
Wall Street analysts warn Palantir and Tesla stocks may plunge up to 93% due to valuation concerns.
