pltr stock price: Wedbush's target vs. reality and what's behind the hype

Generated Title: Palantir Stock Split? Don't Fall for the Hype, Suckers.

Okay, seriously? A Palantir stock split is the next big thing we're supposed to get excited about? Give me a break. It's like Wall Street ran out of actual ideas and just started throwing darts at a board labeled "Ways to Fleece Retail Investors."

The "Magic" of Stock Splits: A Load of Bull

Let's be real, stock splits are financial cotton candy. All fluff, no substance. Oh, you get more shares? Congrats, they're worth less. It's like cutting a pizza into 16 slices instead of 8 and expecting it to feed more people. It's the same damn pizza!

They tell you, "Oh, it makes the stock more accessible to smaller investors!" Translation: "We want more naive rubes pumping up the price so the big guys can cash out." Last year, Chipotle, Nvidia, and Broadcom saw their stock prices jump after announcing splits. But here's the kicker: Chipotle's growth has stagnated since then, and the stock is down nearly 30%. So much for magic.

And this RBC Capital analyst fueling the rumors? He says retail is "largely focused on the potential for a stock split." No, Sherlock, you're focusing on it, and now you're manipulating the market by mentioning it. It's a self-fulfilling prophecy of stupidity.

Palantir's "Fundamentals": Shiny Object Syndrome

Palantir is the darling of the AI boom, I get it. They're "operating in the black" and growing sales by double digits. Good for them. They customize AI systems for companies, sending their "forward-deployed engineers" to cozy up with clients. Sounds expensive and inefficient, but hey, what do I know?

Wedbush is out there pumping the stock, raising their price target to $230. Palantir (PLTR) Stock: Wedbush Raises Price Target to $230 Ahead of Earnings November 03 Daniel Ives, that five-star analyst, thinks Palantir has "trillion-dollar potential." Maybe he's right. Maybe I'm just bitter because I didn't buy the stock when it was trading at $10.

But let's talk about that valuation. A P/E ratio of over 620? You've got to be kidding me. They'd have to grow their earnings tenfold just to be slightly overvalued. It's like buying a used Honda Civic for the price of a Ferrari.

And this "unprecedented demand" for Palantir's AIP that Ives keeps yapping about? Color me skeptical. Seems like every tech company is slapping "AI" on their products and suddenly they're the next coming of Steve Jobs.

Oh, and don't even get me started on the Trump administration's AI investments potentially benefiting Palantir. Project Stargate? Sounds like something out of a bad sci-fi movie. But offcourse, Palantir's cozy relationship with the government is what got them here in the first place.

AI Hype: The New Dot-Com Bubble?

Palantir's success hinges on this idea that AI is going to solve all our problems. It's the new snake oil, folks. Companies are throwing money at AI solutions without even understanding what they need. And Palantir is there to scoop it up, promising bespoke AI experiences that probably just automate tasks a decent programmer could handle in a week.

I mean, are we really supposed to believe that every company needs a custom-built AI system? It feels like we're heading for another dot-com bubble, where hype outweighs reality and the only people getting rich are the insiders.

So, Who's Holding the Bag?

Don't fall for the stock split BS. Focus on the fundamentals, they say. Yeah, good luck with that when the fundamentals are based on hype and overblown expectations. Palantir might be a great company, but it's a terrible investment at this price. Unless you enjoy gambling, stay far, far away.