1/24

Why is PTIR Down Today After Analyst Revisions

The GraniteShares 2x Long PLTR Daily ETF (PTIR) closed at $138.82 on January 24, 2025, reflecting a slight decline of 0.13% as Palantir Technologies Inc. (PLTR) experienced a mixed trading session. Palantir's stock price saw a 3.4% increase during mid-day trading, reaching an intraday high of $82.24, following Wedbush's decision to raise its price target from $75.00 to $90.00, maintaining an outperform rating. This upward momentum contributed to Palantir's eighth consecutive session of gains, with the stock closing at $79.04, up 0.08%. Despite the positive sentiment, trading volume was notably lower, with 31,749,892 shares changing hands, a 53% decline from the average session volume. Analysts remain divided on Palantir's future, with a mix of sell, hold, and buy ratings, and an average price target of $44.61, indicating potential downside.