The GraniteShares 2x Long PLTR Daily ETF (PTIR) closed down 1.22% at $129.58 on January 2, 2025, as Palantir Technologies Inc. (NASDAQ:PLTR) experienced a 1.7% decline during mid-day trading. Palantir's stock has been under pressure following its recent inclusion in the Nasdaq-100 Index, marking its fifth consecutive daily loss. The stock's pullback from a record high of $81.09 on December 24 is attributed to a combination of factors, including a downgrade by Jefferies Financial Group to "underperform" with a $28.00 target price, and a general market sentiment that has seen the stock's average rating settle at "Hold" with an average target price of $41.00. Despite the downturn, Palantir's shares have surged 367% y/y, but the current market dynamics, including a significant decline in trading volume by 47% from the average, suggest a cautious outlook.