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Palantir Trades at 688.53 P/E Ratio as Burry Establishes Bearish Position on 5 Million Shares
Palantir Technologies Inc. (NASDAQ: PLTR) trades at $194.50 per share with a trailing 12-month price-to-earnings ratio of 688.53. Michael Burry's Scion Asset Management established put options on 5 million PLTR shares during Q3, representing 66% of the firm's portfolio, according to a Monday 13F filing. The company reported Q3 revenue of $1.181 billion, a 63% year-over-year increase, while Wall Street's consensus price target stands at $178.90.