Michael Burry Shorts Palantir Stock as Phillip Raises PLTR Price Target to $215

• Michael Burry has added bearish put options on Palantir, betting against the stock despite its strong recent rally
• PLTR posted 93% year-over-year revenue growth in Q2, while Phillip Securities raised its price target to $215 from $202
• S&P 500 has now gained more than 100% since Burry’s January 2023 “Sell” warning, showing how early that call proved to be

Palantir stock is back in the spotlight after a fresh bearish move from Michael Burry. This comes even as the company’s latest results have given bullish investors plenty to point to. PLTR closed at $175.23 on August 11, leaving it well below a newly raised analyst target of $215. This puts the focus squarely on the gap between Burry’s valuation view and Wall Street’s growing confidence in Palantir’s AI business.

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Palantir Stock Faces a Sharp Divide on Wall Street

Burry has added new out-of-the-money put options tied to Palantir, renewing his bearish bet on the software company. The move comes just days after Palantir delivered another strong quarter, making the timing hard to ignore.

Palantir reported $1.94 billion in second-quarter revenue, up 93% from a year earlier. US commercial revenue was particularly strong, jumping 149% to $764 million, while US government revenue rose 90% to $809 million. The company also raised its full-year outlook following the results.

This growth is the main reason Michael Burry’s comments on the Palantir stock have drawn so much attention. Burry’s argument centers on valuation, while the bullish case rests on whether Palantir can keep turning its AI demand into revenue at the current pace.

Phillip Securities has taken the other side of that debate. It raised its price target on PLTR to $215 from $202 while maintaining a Buy rating. The firm also lifted its 2026 revenue and net income forecasts by 6% following Palantir’s second-quarter performance.

At $175.23, the new target implies roughly 23% upside. This does not settle the valuation argument, but it shows that Burry is far from representing the entire market view.

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Burry’s Old ‘Sell’ Call Offers Some Perspective

Burry’s latest bearish Palantir position also brings an older market call back into focus. In January 2023, he posted a one-word warning, “Sell,” as investors were enjoying a strong start to the year. The S&P 500 has since more than doubled. This shows just how early that warning turned out to be.

Burry later acknowledged that he was wrong to issue the call. He explained that he had been watching the banking crisis closely at the time.

This history makes his latest stance on PLTR worth watching. Instead of treating it as a definitive verdict on the stock. Michael Burry’s Palantir bets are once again making things uncertain, with investors left to decide whether his latest warning is simply early or pointing to a deeper problem in the AI trade.

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