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Michael Burry Sets $46 Fair Value on Palantir, Cautions on Valuation Risk

Burry challenges Palantir’s rally with a $46 fair-value call.

Overview

  • In a detailed Substack analysis, Burry outlined scenarios valuing Palantir between $21 and $146, noting these are not conventional price targets.
  • He disclosed a bearish position through put options rather than a direct short, providing downside exposure with defined risk.
  • His critique argues the stock is being priced like a clean, high-margin SaaS business despite messier underlying economics and margin presentation.
  • Technical analysis from Alex Dudov indicates PLTR could break below $100, with a potential support zone near $70 as a correction unfolds.
  • The valuation challenge follows a powerful 2024–2025 rally driven by enthusiasm for Palantir’s AI capabilities and investor inflows.