Jefferies has reiterated its underweight rating on Palantir Technologies Inc. ($PLTR), setting a price target of $28. Despite a remarkable rally of 341% in 2024, the stock is down 15% year-to-date and currently trades at 46 times its enterprise value to next twelve months revenue, significantly higher than its peers in the software sector. The firm cites increasing insider selling, with the CEO having sold over $2 billion in stock and other executives offloading more than $600 million. Analysts express concerns about Palantir's potential for underperformance in 2025.