Wall Street Analyst Downgraded Palantir to "Sell" With a $20 Target, Warning That "The Darkest Days" Were Ahead. The Stock Is Now at $145.

Brian White had seen enough. In March 2024, with Palantir trading around $24, he pulled the trigger on a sell rating and slapped a $20 price target on the stock — a roughly 20% downside call. His thesis? The AI-fueled rally had created a "gluttonous valuation" that couldn't be justified. Even worse, he warned that America's economic troubles were just getting started.

Three months later, still convinced he was right, White doubled down and lowered his target to $18.

What actually happened? Palantir got added to the S&P 500. It signed massive government and enterprise AI contracts. Revenue accelerated. The stock proceeded to rally over 600% from White's original price target.

As of April 2026, Palantir trades around $145 — roughly 7x higher than White's "Sell" target. Those "darkest days" turned out to be some of the brightest for Palantir shareholders. Meanwhile, White's $18 target remains the lowest on the street, standing as a monument to conviction in the face of overwhelming contradictory evidence.