markets

1/16/25

Wall Street thinks Palantir shares are wildly overvalued

Shares of defense- and intelligence-software company Palantir are up for the third straight session Thursday, making up some of the ground they lost during their 20% tumble to start this year on the heels of an outstanding 2024.

Palantir’s roughly 340% gain last year, supercharged by wild enthusiasm from a rabid base of retail shareholders, made it the biggest gainer in the S&P 500.

Wall Street’s professional Palantir watchers, however, are much more skeptical. The consensus target price for Palantir shares is $46.38, about 35% below where the stock is currently trading (~$70.25).

It’s not like analysts think Palantir’s business is in trouble. In fact, they’ve been more or less steadily ramping up estimates for sales and profit throughout the year, citing better-than-expected performance of Palantir’s AI offerings with commercial clients as well as the ongoing growth of its business with the US government.

Analysts now anticipate that when Palantir reports on Feb. 3, the firm will show some $778 million in revenues for the fourth quarter, up 28% from the prior year.

But the bottom line isn’t as thrilling. Net income, on a GAAP basis, is expected to rise roughly 11% to $103.5 million.

Whether such numbers matter at all for the trajectory of the stock over the short term is a completely different question. The enthusiasm surrounding Palantir over the last year was always more of a vibes-based, retail-trading phenomenon than the rational outcome of rigorous analytic efforts.

But as the steep drop that Palantir suffered early this year shows, when the momentum around highly valued stocks stalls, things can get hairy fast.

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Nia Warfield, Luke Kawa

S&P 500 goes nowhere, Nasdaq 100 hits another record, small-caps tumble

Warner Bros. Discovery led gains for the second day in a row, and only three S&P 500 sector ETFs finished in the green.

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23h

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

Matt Phillips9/12/25

markets

9/12/25

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks.

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

9/12/25

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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